Intuit Inc. (INTU) PT Raised to $157.00 at Barclays PLC
Intuit Inc. (NASDAQ:INTU) had its target price lifted by research analysts at Barclays PLC from $135.00 to $157.00 in a research note issued on Wednesday. The brokerage currently has an “equal weight” rating on the software maker’s stock. Barclays PLC’s price target would suggest a potential upside of 0.87% from the company’s previous close.
INTU has been the subject of several other research reports. UBS AG started coverage on shares of Intuit in a research report on Thursday, November 9th. They set a “neutral” rating and a $152.00 price target for the company. Oppenheimer Holdings, Inc. lifted their price target on shares of Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Argus began coverage on shares of Intuit in a report on Wednesday, September 20th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Wells Fargo & Company raised shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target on the stock in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $147.16.
Intuit (INTU) traded up $1.79 during midday trading on Wednesday, hitting $155.65. 1,143,700 shares of the stock traded hands, compared to its average volume of 1,475,065. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $39,230.22, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.71 and a beta of 1.18. Intuit has a one year low of $110.22 and a one year high of $156.46.
Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. Intuit’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. equities research analysts expect that Intuit will post 4.03 earnings per share for the current fiscal year.
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In other Intuit news, CFO R Neil Williams sold 184,585 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total value of $26,046,789.35. Following the completion of the transaction, the chief financial officer now directly owns 64,620 shares in the company, valued at $9,118,528.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $142.31, for a total transaction of $265,835.08. Following the completion of the transaction, the vice president now owns 1,713 shares of the company’s stock, valued at $243,777.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,084,194 shares of company stock valued at $151,162,540. 5.70% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Exane Derivatives acquired a new position in shares of Intuit during the third quarter valued at about $105,000. Horan Capital Advisors LLC. acquired a new position in shares of Intuit during the third quarter valued at about $114,000. Captrust Financial Advisors acquired a new position in shares of Intuit during the second quarter valued at about $108,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Intuit during the second quarter valued at about $123,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Intuit during the second quarter valued at about $140,000. Institutional investors and hedge funds own 86.10% 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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