Intuit Inc. (NASDAQ:INTU) had its price target lifted by stock analysts at Royal Bank Of Canada from $141.00 to $160.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a “sector perform” rating on the software maker’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 2.79% from the stock’s previous close.

INTU has been the topic of a number of other reports. Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group LLC assumed coverage on Intuit in a research note on Thursday, August 24th. They issued a “buy” rating and a $157.00 price target on the stock. Deutsche Bank AG restated a “buy” rating and issued a $150.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. Bank of America Corporation restated a “buy” rating and issued a $145.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. Finally, UBS AG assumed coverage on Intuit in a research note on Thursday, November 9th. They issued a “neutral” rating and a $152.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $147.16.

Intuit (NASDAQ INTU) traded up $1.79 during mid-day trading on Thursday, hitting $155.65. The stock had a trading volume of 1,143,738 shares, compared to its average volume of 1,475,065. The stock has a market cap of $40,000.00, a P/E ratio of 41.17, a P/E/G ratio of 2.73 and a beta of 1.18. Intuit has a 52-week low of $110.22 and a 52-week high of $156.46. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32.

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 Zacks’ consensus estimate of $0.17 by $0.03. The firm had revenue of $842.00 million for the quarter, compared to the consensus estimate of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. sell-side analysts expect that Intuit will post 4.03 earnings per share for the current year.

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In other news, EVP Henry Tayloe Stansbury sold 28,048 shares of Intuit stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.19, for a total value of $4,100,337.12. Following the sale, the executive vice president now directly owns 28,940 shares of the company’s stock, valued at $4,230,738.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $135.22, for a total value of $24,790,423.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,084,194 shares of company stock worth $151,162,540. Insiders own 5.70% of the company’s stock.

Several hedge funds have recently modified their holdings of INTU. Eqis Capital Management Inc. increased its holdings in shares of Intuit by 5.6% in the second quarter. Eqis Capital Management Inc. now owns 3,164 shares of the software maker’s stock worth $420,000 after purchasing an additional 169 shares during the last quarter. Alpha Windward LLC grew its position in Intuit by 2.1% in the second quarter. Alpha Windward LLC now owns 2,335 shares of the software maker’s stock worth $310,000 after acquiring an additional 48 shares in the last quarter. Aperio Group LLC grew its position in Intuit by 8.3% in the second quarter. Aperio Group LLC now owns 176,786 shares of the software maker’s stock worth $23,479,000 after acquiring an additional 13,591 shares in the last quarter. First Quadrant L P CA purchased a new position in Intuit in the second quarter worth about $17,971,000. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new position in Intuit in the second quarter worth about $2,082,000. 86.10% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Intuit (NASDAQ:INTU)

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