Intuit (NASDAQ:INTU) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $268.00 to $249.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “underweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.92% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Wells Fargo & Co lowered their price target on shares of Intuit from $320.00 to $310.00 and set an “overweight” rating for the company in a report on Monday. Zacks Investment Research upgraded shares of Intuit from a “sell” rating to a “hold” rating and set a $282.00 price target for the company in a report on Friday, February 28th. KeyCorp lowered their price target on shares of Intuit from $320.00 to $275.00 and set an “overweight” rating for the company in a report on Monday. BidaskClub upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Bank of America lifted their price target on shares of Intuit from to and gave the stock a “buy” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $289.45.

INTU traded up $4.74 during midday trading on Thursday, reaching $237.32. 87,395 shares of the company’s stock were exchanged, compared to its average volume of 2,598,270. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $60.91 billion, a PE ratio of 38.37, a P/E/G ratio of 2.91 and a beta of 0.97. The business’s 50-day moving average price is $271.78 and its 200 day moving average price is $268.06. Intuit has a 1-year low of $187.68 and a 1-year high of $306.89.

Intuit (NASDAQ:INTU) last announced its earnings results on Monday, February 24th. The software maker reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Intuit had a net margin of 22.89% and a return on equity of 41.03%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. As a group, analysts expect that Intuit will post 6.3 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Atlas Private Wealth Management bought a new position in Intuit in the fourth quarter worth $26,000. Manchester Financial Inc. bought a new position in Intuit in the fourth quarter worth $30,000. Virtus ETF Advisers LLC bought a new position in Intuit in the fourth quarter worth $31,000. Ameritas Investment Company LLC lifted its position in Intuit by 958.3% in the fourth quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Aigen Investment Management LP bought a new position in Intuit in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 87.34% of the company’s stock.

Intuit Company Profile

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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Analyst Recommendations for Intuit (NASDAQ:INTU)

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