Shares of Intuit Inc. (NASDAQ:INTU) have earned an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $157.83.
Several analysts recently issued reports on the company. Zacks Investment Research raised Intuit from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their target price on Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and set a $166.00 target price (up previously from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Jefferies Group reissued a “buy” rating and set a $185.00 target price on shares of Intuit in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co restated an “outperform” rating and set a $180.00 price target (up previously from $163.00) on shares of Intuit in a report on Tuesday, November 21st.
Shares of Intuit (NASDAQ INTU) traded down $0.21 on Friday, reaching $168.46. The company had a trading volume of 1,058,751 shares, compared to its average volume of 1,157,943. The company has a market cap of $43,000.00, a P/E ratio of 44.57, a PEG ratio of 3.02 and a beta of 1.18. Intuit has a 52 week low of $111.90 and a 52 week high of $169.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67.
Intuit (NASDAQ:INTU) last issued its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.30. The company had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. equities research analysts predict that Intuit will post 3.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is 41.27%.
In related news, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total value of $326,613.30. Following the transaction, the executive vice president now owns 3,050 shares of the company’s stock, valued at approximately $461,617.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 965,938 shares of company stock valued at $149,469,127. Company insiders own 5.59% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in Intuit by 612.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock valued at $345,589,000 after purchasing an additional 2,236,974 shares in the last quarter. Koch Industries Inc. raised its position in Intuit by 38,665.6% during the 2nd quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock valued at $1,428,000 after purchasing an additional 1,434,880 shares in the last quarter. Fundsmith LLP bought a new stake in Intuit during the 2nd quarter valued at $144,464,000. Jensen Investment Management Inc. bought a new stake in Intuit during the 3rd quarter valued at $112,811,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Intuit by 52.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,852,561 shares of the software maker’s stock valued at $246,039,000 after purchasing an additional 637,400 shares in the last quarter. Institutional investors own 86.11% of the company’s stock.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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