Intuit Inc. (INTU) PT Raised to $158.00
Intuit Inc. (NASDAQ:INTU) had its price target hoisted by UBS AG from $152.00 to $158.00 in a report issued on Tuesday, www.briefing.com reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS AG’s price objective indicates a potential upside of 0.14% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Raymond James Financial, Inc. cut shares of Intuit from a “market perform” rating to an “underperform” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Monday, August 28th. Oppenheimer Holdings, Inc. increased their target price on shares of Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Moffett Nathanson started coverage on shares of Intuit in a research note on Thursday, September 7th. They issued a “buy” rating and a $150.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $132.00 target price on shares of Intuit in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $154.33.
Shares of Intuit (NASDAQ:INTU) traded up $1.23 during mid-day trading on Tuesday, hitting $157.78. 1,870,600 shares of the company were exchanged, compared to its average volume of 1,475,816. The stock has a market cap of $40,180.00, a PE ratio of 41.53, a P/E/G ratio of 2.76 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit has a 12 month low of $111.48 and a 12 month high of $158.90.
In related news, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $135.22, for a total transaction of $24,790,423.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 28,048 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.19, for a total transaction of $4,100,337.12. Following the transaction, the executive vice president now directly owns 28,940 shares in the company, valued at approximately $4,230,738.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Marvin & Palmer Associates Inc. boosted its position in Intuit by 15.7% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 18,650 shares of the software maker’s stock valued at $2,082,000 after buying an additional 2,525 shares during the period. TrimTabs Asset Management purchased a new stake in Intuit during the 3rd quarter valued at $1,911,000. RS Investment Management Co. LLC boosted its position in Intuit by 0.8% during the 2nd quarter. RS Investment Management Co. LLC now owns 184,640 shares of the software maker’s stock valued at $20,608,000 after buying an additional 1,490 shares during the period. Northcoast Asset Management purchased a new stake in Intuit during the 3rd quarter valued at $18,912,000. Finally, Flinton Capital Management LLC boosted its position in Intuit by 39.0% during the 1st quarter. Flinton Capital Management LLC now owns 9,576 shares of the software maker’s stock valued at $1,111,000 after buying an additional 2,688 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.
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.
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