KeyCorp Cuts Intuit (NASDAQ:INTU) Price Target to $275.00
Intuit (NASDAQ:INTU) had its price objective decreased by KeyCorp from $320.00 to $275.00 in a report issued on Monday, The Fly reports. KeyCorp currently has an overweight rating on the software maker’s stock.
INTU has been the topic of several other reports. BidaskClub raised Intuit from a hold rating to a buy rating in a research note on Tuesday, February 11th. Credit Suisse Group lifted their price target on Intuit from to in a research note on Tuesday, February 25th. Barclays lifted their price target on Intuit from $295.00 to $300.00 and gave the company an equal weight rating in a research note on Tuesday, February 25th. Wells Fargo & Co raised Intuit from an equal weight rating to an overweight rating and lifted their price target for the company from $305.00 to $320.00 in a research note on Wednesday, March 11th. Finally, Guggenheim lifted their price target on Intuit from to in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $290.40.
INTU stock opened at $232.58 on Monday. The stock has a market cap of $60.91 billion, a P/E ratio of 37.63, a P/E/G ratio of 2.91 and a beta of 0.97. The firm has a 50 day simple moving average of $271.78 and a 200 day simple moving average of $268.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.67 and a current ratio of 1.67. Intuit has a 52 week low of $187.68 and a 52 week high of $306.89.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 13th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 37.99%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlas Private Wealth Management acquired a new position in Intuit during the 4th quarter worth $26,000. Manchester Financial Inc. bought a new stake in Intuit during the fourth quarter worth $30,000. Virtus ETF Advisers LLC bought a new stake in Intuit during the fourth quarter worth $31,000. Ameritas Investment Company LLC grew its stake in Intuit by 958.3% in the 4th quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Aigen Investment Management LP bought a new position in Intuit in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 87.34% of the company’s stock.
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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