Intuit Inc. (NASDAQ:INTU) has earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $136.00.
Several equities analysts have weighed in on INTU shares. Stifel Nicolaus increased their target price on Intuit from $115.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday, May 24th. Citigroup Inc. lowered Intuit from a “buy” rating to a “neutral” rating and cut their target price for the company from $148.00 to $141.00 in a research note on Monday, June 26th. Deutsche Bank AG increased their target price on Intuit from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. BidaskClub lowered Intuit from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Royal Bank Of Canada raised their price target on Intuit from $126.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 24th.
Shares of Intuit (NASDAQ:INTU) traded up 1.25% during trading on Friday, reaching $136.85. The company had a trading volume of 258,293 shares. Intuit has a 52-week low of $103.22 and a 52-week high of $143.81. The company has a 50 day moving average of $135.14 and a 200-day moving average of $127.61. The firm has a market capitalization of $35.06 billion, a P/E ratio of 39.32 and a beta of 1.15.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, May 23rd. The software maker reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.03. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $3.43 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Intuit will post $4.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 10th were paid a $0.34 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.01%. Intuit’s dividend payout ratio is 39.19%.
In other news, EVP Laura A. Fennell sold 74,052 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $139.46, for a total value of $10,327,291.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,265 shares of company stock valued at $21,085,104. Corporate insiders own 5.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new stake in Intuit during the second quarter worth about $108,000. Guardian Life Insurance Co. of America boosted its stake in Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after buying an additional 5 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Intuit during the second quarter worth about $123,000. Johnson Financial Group Inc. boosted its stake in Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock worth $126,000 after buying an additional 59 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Intuit during the second quarter worth about $140,000. 85.57% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.