Intuit Inc. (NASDAQ:INTU) had its price objective upped by stock analysts at Citigroup Inc. to $170.00 in a research note issued to investors on Tuesday, The Fly reports. Citigroup Inc.’s target price points to a potential upside of 7.74% from the company’s previous close.

Several other equities analysts have also recently commented on INTU. Barclays PLC lifted their target price on shares of Intuit from $135.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 15th. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 target price on the stock in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “buy” rating and set a $185.00 target price on shares of Intuit in a research report on Tuesday. William Blair assumed coverage on shares of Intuit in a research report on Tuesday, September 19th. They set an “outperform” rating on the stock. Finally, UBS AG cut shares of Intuit to an “underperform” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $152.89.

Shares of Intuit (NASDAQ:INTU) traded up $1.23 during midday trading on Tuesday, reaching $157.78. 1,870,600 shares of the company traded hands, compared to its average volume of 1,475,816. Intuit has a twelve month low of $111.48 and a twelve month high of $158.90. The company has a market cap of $40,180.00, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 0.73.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. equities analysts predict that Intuit will post 4.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/21/intuit-inc-intu-price-target-increased-to-170-00-by-analysts-at-citigroup-inc.html.

In related news, VP Mark J. Flournoy sold 1,868 shares of Intuit stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the completion of the transaction, the vice president now directly owns 1,713 shares in the company, valued at approximately $243,777.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 183,333 shares of Intuit stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $141.16, for a total transaction of $25,879,286.28. The disclosure for this sale can be found here. Insiders sold a total of 1,084,194 shares of company stock valued at $151,162,540 over the last quarter. 5.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Intuit by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock valued at $2,233,621,000 after buying an additional 444,676 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Intuit by 7.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock valued at $634,903,000 after buying an additional 347,159 shares in the last quarter. Janus Henderson Group PLC grew its stake in Intuit by 612.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock valued at $345,589,000 after buying an additional 2,236,974 shares in the last quarter. Royal Bank of Canada grew its position in shares of Intuit by 19.0% during the 2nd quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock valued at $333,124,000 after purchasing an additional 400,406 shares in the last quarter. Finally, Lindsell Train Ltd grew its position in shares of Intuit by 7.3% during the 3rd quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock valued at $336,843,000 after purchasing an additional 162,000 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.

The Fly

Analyst Recommendations for Intuit (NASDAQ:INTU)

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.