Intuit Inc. (NASDAQ:INTU) has been assigned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $283.33.
A number of research firms have weighed in on INTU. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating and set a $280.00 price objective on the stock. in a research note on Monday, December 30th. ValuEngine downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group restated an “outperform” rating and issued a $300.00 target price on shares of Intuit in a research report on Thursday, January 2nd. BidaskClub upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Finally, Morgan Stanley lifted their target price on Intuit from $260.00 to $290.00 and gave the company an “equal weight” rating in a research report on Monday.
In related news, Chairman Brad D. Smith sold 227,450 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $257.72, for a total value of $58,618,414.00. Following the sale, the chairman now owns 549,985 shares in the company, valued at approximately $141,742,134.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Alexander Chriss sold 21,543 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $258.78, for a total value of $5,574,897.54. Following the completion of the sale, the executive vice president now owns 126 shares in the company, valued at approximately $32,606.28. The disclosure for this sale can be found here. Insiders sold a total of 527,369 shares of company stock worth $136,763,551 in the last quarter. Company insiders own 4.09% of the company’s stock.
Shares of Intuit stock traded up $2.05 on Thursday, reaching $275.05. The company’s stock had a trading volume of 20,741 shares, compared to its average volume of 1,034,588. The company has a market capitalization of $70.98 billion, a P/E ratio of 49.30, a PEG ratio of 2.76 and a beta of 1.06. Intuit has a 52-week low of $207.69 and a 52-week high of $295.77. The stock has a 50-day moving average price of $263.37 and a 200-day moving average price of $268.52. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.18.
Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Intuit had a return on equity of 42.04% and a net margin of 22.79%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Sell-side analysts forecast that Intuit will post 6.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, January 10th will be issued a $0.53 dividend. The ex-dividend date is Thursday, January 9th. This represents a $2.12 annualized dividend and a dividend yield of 0.77%. Intuit’s dividend payout ratio is presently 37.99%.
Intuit Company Profile
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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