Intuit Inc. (NASDAQ:INTU)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $132.00 target price on the software maker’s stock. Stifel Nicolaus’ price target suggests a potential downside of 8.45% from the stock’s current price.

Other analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective for the company in a research note on Thursday, September 21st. Raymond James Financial, Inc. lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a research note on Wednesday, September 27th. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated 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 started coverage on shares of Intuit in a research note on Tuesday, September 19th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Intuit currently has a consensus rating of “Hold” and a consensus target price of $142.74.

Shares of Intuit (NASDAQ:INTU) traded up 1.20% on Friday, reaching $144.18. 992,714 shares of the company were exchanged. The company’s 50-day moving average price is $141.11 and its 200 day moving average price is $133.04. Intuit has a 12 month low of $103.22 and a 12 month high of $146.72. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 38.76 and a beta of 1.15.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The firm had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. During the same quarter last year, the business earned $0.08 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Intuit will post $4.95 EPS for the current year.

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In other Intuit news, EVP Henry Tayloe Stansbury sold 1,783 shares of Intuit stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the transaction, the executive vice president now directly owns 2,675 shares of the company’s stock, valued at approximately $385,735. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark J. Flournoy sold 1,868 shares of Intuit stock in a transaction on Monday, September 11th. The stock was sold at an average price of $142.31, for a total transaction of $265,835.08. Following the transaction, the vice president now directly owns 1,713 shares in the company, valued at $243,777.03. The disclosure for this sale can be found here. Insiders have sold a total of 1,084,194 shares of company stock worth $151,162,540 over the last ninety days. Insiders own 5.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in Intuit during the 2nd quarter worth $108,000. Shine Investment Advisory Services Inc. purchased a new position in Intuit during the 2nd quarter worth $123,000. Guardian Life Insurance Co. of America boosted its holdings in shares of Intuit by 0.5% in the 1st 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. Harvest Fund Management Co. Ltd purchased a new position in shares of Intuit in the 2nd quarter worth about $140,000. Finally, ETF Managers Group LLC purchased a new position in shares of Intuit in the 2nd quarter worth about $140,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

About Intuit

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.

Analyst Recommendations for Intuit (NASDAQ:INTU)

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