Intuit Inc. (INTU) Price Target Raised to $170.00 at Citigroup Inc.
Several other brokerages have also weighed in on INTU. Wells Fargo & Company raised Intuit from a market perform rating to an outperform rating and set a $163.00 price objective on the stock in a report on Thursday, September 21st. Raymond James Financial, Inc. lowered Intuit from a market perform rating to an underperform rating in a research note on Wednesday, September 27th. First Analysis raised Intuit from an underweight rating to an equal weight rating and set a $128.00 price target on the stock in a research note on Wednesday, August 23rd. Royal Bank Of Canada reissued a hold rating and issued a $141.00 price objective on shares of Intuit in a research note on Thursday, August 24th. Finally, William Blair began coverage on Intuit in a report on Tuesday, September 19th. They issued an outperform rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Intuit presently has a consensus rating of Hold and a consensus price target of $152.89.
Intuit (NASDAQ INTU) opened at $151.79 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $40,336.43, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. Intuit has a 1 year low of $111.48 and a 1 year high of $158.90.
Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the Thomson Reuters’ 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 76.41% and a net margin of 18.62%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. equities analysts anticipate that Intuit will post 4.03 earnings per share for the current year.
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In other news, insider Scott D. Cook sold 183,333 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $145.19, for a total value of $26,618,118.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 28,048 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.19, for a total transaction of $4,100,337.12. Following the transaction, the executive vice president now owns 28,940 shares in the company, valued at $4,230,738.60. The disclosure for this sale can be found here. In the last three months, insiders sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of INTU. Exane Derivatives purchased a new position in shares of Intuit in the third quarter worth about $105,000. Horan Capital Advisors LLC. acquired a new stake in shares of Intuit during the third quarter valued at about $114,000. Captrust Financial Advisors acquired a new stake in shares of Intuit during the second quarter valued at about $108,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Intuit in the second quarter valued at approximately $123,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Intuit in the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 86.57% of the company’s stock.
Intuit Company Profile
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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