Intuit Inc. (NASDAQ:INTU) Receives Average “Buy” Rating from Analysts
Intuit Inc. (NASDAQ:INTU – Get Rating) earned an average recommendation of “Buy” from the twenty-four research companies that cover the business, MarketBeat.com reports. Three equity research analysts gave the stock a hold rating and twenty gave the company a buy rating. The 1-year average price target among brokerages that updated their coverage on the stock in the past year is $611.45.
The INTU has been the subject of a number of recent research reports. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a price target of $492.00 for the stock in a Wednesday, March 2 research report. Edward Jones upgraded Intuit from a “hold” rating to a “buy” rating in a Friday, March 11 research report. Deutsche Bank Aktiengesellschaft cut its price target on Intuit from $700.00 to $650.00 and set a “buy” rating on the stock in a Friday, February 25 research report. Wolfe Research lowered its price target on Intuit shares from $790.00 to $600.00 and set an “outperform” rating for the company in a Friday, Feb. 25 research note. Finally, Mizuho lowered its price target on Intuit shares from $730.00 to $650.00 and set a “buy” rating for the company in a Thursday, Feb. 3 research note.
Shares of NASDAQ INTU opened at $371.76 on Friday. The company has a market capitalization of $105.14 billion, a price/earnings ratio of 47.42, a PEG ratio of 2.84 and a beta of 1.16. The company has a quick ratio of 1.18, a current ratio of 1.18 and a leverage ratio of 0.43. Intuit has a 52-week low of $339.36 and a 52-week high of $716.86. The company’s 50-day moving average is $450.35 and its two-hundred-day moving average is $539.93.
Intuit Inc (NASDAQ:INTU – Get Rating) last released its quarterly earnings data on Thursday, February 24. The software maker reported earnings per share of $0.67 for the quarter, missing analyst consensus estimates of $0.93 per ($0.26). Intuit had a return on equity of 20.37% and a net margin of 19.03%. The company posted revenue of $2.67 billion for the quarter, versus $2.72 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.16. The company’s revenue increased by 69.6% compared to the same quarter last year. Analysts expect Intuit to post an EPS of 8.14 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18. Shareholders of record on Monday, April 11 received a dividend of $0.68. This represents an annualized dividend of $2.72 and a dividend yield of 0.73%. The ex-dividend date was Friday, April 8. Intuit’s payout ratio is currently 34.69%.
Separately, Executive Vice President Laura A. Fennell sold 59,286 shares in a trade on Wednesday, March 2. The stock was sold at an average price of $475.03, for a total transaction of $28,162,628.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, Executive Vice Chairman James Alexander Chriss sold 368 shares in a trade on Monday, February 28. The stock was sold at an average price of $478.84, for a total value of $176,213.12. The disclosure of this sale can be found here. 3.27% of the shares are currently held by company insiders.
Hedge funds and other institutional investors have recently changed their stock holdings. JNBA Financial Advisors acquired a new stake in Intuit stock during the fourth quarter worth $25,000. Castleview Partners LLC bought a new position in Intuit in the fourth quarter worth $25,000. Mascoma Wealth Management LLC increased its position in Intuit by 3,900.0% in the fourth quarter. Mascoma Wealth Management LLC now owns 40 shares of the software maker worth $26,000 after acquiring 39 additional shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Intuit in the fourth quarter worth $26,000. Finally, San Luis Wealth Advisors LLC bought a new position in Intuit in the first quarter worth $26,000. 83.42% of the shares are held by hedge funds and other institutional investors.
About Intuit (Get a rating)
Intuit Inc provides financial management and compliance products and services to consumers, small businesses, self-employed individuals, and accounting professionals in the United States, Canada, and internationally. The Company operates in four segments: small business and self-employed, consumer, Credit Karma and ProConnect.
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