Intuit Inc. (NASDAQ:INTU) Given Consensus Recommendation of “Hold” by Analysts
Shares of Intuit Inc. (NASDAQ:INTU) have received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $284.17.
INTU has been the subject of a number of analyst reports. KeyCorp raised their price target on Intuit from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday. ValuEngine lowered Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub raised Intuit from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a report on Monday, December 30th. Finally, Morgan Stanley raised their price target on Intuit from $260.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th.
In related news, Chairman Brad D. Smith sold 227,450 shares of Intuit stock in a transaction on Monday, November 25th. The stock was sold at an average price of $257.72, for a total transaction of $58,618,414.00. Following the completion of the sale, the chairman now owns 549,985 shares of the company’s stock, valued at $141,742,134.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Alexander Chriss sold 21,543 shares of Intuit stock in a transaction on Monday, November 25th. The shares were sold at an average price of $258.78, for a total value of $5,574,897.54. Following the sale, the executive vice president now directly owns 126 shares of the company’s stock, valued at approximately $32,606.28. The disclosure for this sale can be found here. Insiders have sold 527,369 shares of company stock valued at $136,763,551 in the last three months. 4.09% of the stock is owned by corporate insiders.
Shares of Intuit stock traded up $2.16 during trading hours on Thursday, reaching $285.01. The company had a trading volume of 1,635,981 shares, compared to its average volume of 1,242,014. Intuit has a one year low of $207.69 and a one year high of $295.77. The business has a fifty day simple moving average of $266.10 and a 200 day simple moving average of $269.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market cap of $73.63 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. Intuit had a return on equity of 42.04% and a net margin of 22.79%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts forecast that Intuit will post 6.3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, January 10th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, January 9th. Intuit’s dividend payout ratio is 37.99%.
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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