Intuit (INTU) Earns “Buy” Rating from Deutsche Bank
Intuit (NASDAQ:INTU)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a $180.00 price target on the software maker’s stock. Deutsche Bank’s price target would indicate a potential upside of 9.62% from the company’s previous close.
Several other analysts have also recently issued reports on INTU. William Blair started coverage on Intuit in a report on Tuesday, September 19th. They set an “outperform” rating on the stock. Argus started coverage on Intuit in a report on Wednesday, September 20th. They set a “buy” rating and a $165.00 price objective on the stock. Wells Fargo & Co raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective on the stock in a report on Thursday, September 21st. UBS Group cut Intuit to an “underperform” rating in a report on Wednesday, September 27th. Finally, Raymond James Financial cut Intuit from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.53.
Shares of Intuit (NASDAQ INTU) traded up $0.10 on Tuesday, hitting $164.21. The stock had a trading volume of 1,185,900 shares, compared to its average volume of 1,359,960. The stock has a market cap of $42,010.00, a PE ratio of 43.44, a price-to-earnings-growth ratio of 2.95 and a beta of 1.18. Intuit has a twelve month low of $111.90 and a twelve month high of $164.55. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35.
In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $151.46, for a total value of $27,767,767.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brad D. Smith sold 110,496 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total value of $16,729,094.40. Following the completion of the sale, the chief executive officer now owns 399,246 shares in the company, valued at approximately $60,445,844.40. The disclosure for this sale can be found here. Insiders have sold a total of 965,938 shares of company stock worth $149,469,127 in the last 90 days. 5.59% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in INTU. Exane Derivatives purchased a new stake in Intuit in the third quarter worth $105,000. Captrust Financial Advisors purchased a new stake in Intuit in the second quarter worth $108,000. Horan Capital Advisors LLC. purchased a new stake in Intuit in the third quarter worth $114,000. Harvest Fund Management Co. Ltd purchased a new stake in Intuit in the second quarter worth $140,000. Finally, ETF Managers Group LLC purchased a new stake in Intuit in the second quarter worth $140,000. Institutional investors and hedge funds own 86.03% of the company’s stock.
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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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