Intuit Inc. (NASDAQ:INTU) Receives $721.61 Consensus PT from Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $718.00.

A number of equities analysts have recently commented on INTU shares. Jefferies Financial Group lowered their price target on Intuit from $800.00 to $735.00 and set a “buy” rating for the company in a report on Monday. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price for the company. in a report on Wednesday, January 15th. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective for the company in a research note on Wednesday, February 26th. Mizuho boosted their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $640.00 to $660.00 in a report on Wednesday, March 5th.

Intuit Stock Performance

NASDAQ INTU opened at $613.78 on Friday. The firm’s 50 day simple moving average is $596.18 and its 200 day simple moving average is $621.71. The firm has a market capitalization of $171.59 billion, a price-to-earnings ratio of 59.59, a P/E/G ratio of 2.85 and a beta of 1.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit has a 1 year low of $553.24 and a 1 year high of $714.78.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 6,446 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now owns 6,219,900 shares in the company, valued at $3,758,436,774. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,896 shares of company stock worth $35,689,216. Insiders own 2.68% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Intuit during the 4th quarter valued at approximately $25,000. Copia Wealth Management purchased a new position in shares of Intuit during the 4th quarter valued at $25,000. NewSquare Capital LLC grew its stake in shares of Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after acquiring an additional 18 shares during the period. Summit Securities Group LLC purchased a new stake in Intuit in the 4th quarter worth about $28,000. Finally, Heck Capital Advisors LLC bought a new stake in Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.