Investment Analysts’ Recent Ratings Changes for Intuit (INTU)

A number of research firms have changed their ratings and price targets for Intuit (NASDAQ: INTU):

  • 12/2/2018 – Intuit was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $197.05 price target on the stock.
  • 12/1/2018 – Intuit was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/26/2018 – Intuit was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $93.00 price target on the stock.
  • 11/21/2018 – Intuit was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/21/2018 – Intuit had its price target lowered by analysts at Argus from $265.00 to $245.00. They now have a “buy” rating on the stock.
  • 11/20/2018 – Intuit had its price target raised by analysts at Royal Bank of Canada to $234.00. They now have a “sector perform” rating on the stock.
  • 11/20/2018 – Intuit had its price target lowered by analysts at Deutsche Bank AG from $265.00 to $250.00. They now have a “buy” rating on the stock.
  • 10/15/2018 – Intuit was given a new $250.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 10/9/2018 – Intuit was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/8/2018 – Intuit is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $265.00 price target on the stock.

Shares of INTU traded down $5.21 during trading hours on Tuesday, reaching $208.31. 32,839 shares of the company’s stock traded hands, compared to its average volume of 1,816,642. The firm has a market capitalization of $55.67 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.41 and a current ratio of 1.41. Intuit Inc. has a twelve month low of $150.43 and a twelve month high of $231.84.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $971.45 million. Intuit had a return on equity of 56.35% and a net margin of 20.71%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. Analysts forecast that Intuit Inc. will post 5.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, January 10th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, January 9th. Intuit’s dividend payout ratio (DPR) is 41.50%.

In related news, EVP Henry Tayloe Stansbury sold 19,018 shares of Intuit stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $218.86, for a total transaction of $4,162,279.48. Following the transaction, the executive vice president now directly owns 1,890 shares of the company’s stock, valued at $413,645.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brad D. Smith sold 22,418 shares of Intuit stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $205.63, for a total value of $4,609,813.34. Following the transaction, the chief executive officer now directly owns 292,520 shares in the company, valued at $60,150,887.60. The disclosure for this sale can be found here. Insiders have sold 820,551 shares of company stock worth $175,080,020 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. increased its stake in Intuit by 65.0% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 609 shares of the software maker’s stock worth $122,000 after purchasing an additional 240 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Intuit by 3.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,055 shares of the software maker’s stock worth $1,422,000 after purchasing an additional 252 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Intuit by 4.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,480 shares of the software maker’s stock worth $1,325,000 after purchasing an additional 262 shares in the last quarter. Zacks Investment Management increased its stake in Intuit by 0.4% in the 2nd quarter. Zacks Investment Management now owns 60,914 shares of the software maker’s stock worth $12,445,000 after purchasing an additional 264 shares in the last quarter. Finally, Global Financial Private Capital LLC increased its stake in Intuit by 7.8% in the 2nd quarter. Global Financial Private Capital LLC now owns 3,725 shares of the software maker’s stock worth $761,000 after purchasing an additional 271 shares in the last quarter. 87.90% of the stock is currently owned by hedge funds and other institutional investors.

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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