Intuit Inc. (INTU) Given Average Recommendation of “Hold” by Brokerages

Shares of Intuit Inc. (NASDAQ:INTU) have been given an average rating of “Hold” by the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $157.83.

Several analysts have recently weighed in on INTU shares. Raymond James Financial lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. Credit Suisse Group restated an “outperform” rating and issued a $185.00 price target (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. UBS Group lowered shares of Intuit to an “underperform” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley boosted their price target on shares of Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Tuesday, November 21st.

Shares of Intuit (NASDAQ:INTU) traded up $3.34 during trading on Friday, hitting $167.74. 1,552,164 shares of the stock traded hands, compared to its average volume of 845,116. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. Intuit has a 1-year low of $111.90 and a 1-year high of $167.82. The firm has a market cap of $42,028.84, a price-to-earnings ratio of 44.49, a P/E/G ratio of 2.96 and a beta of 1.18.

Intuit (NASDAQ:INTU) last issued its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The business had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. sell-side analysts predict that Intuit will post 3.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, January 9th. Intuit’s dividend payout ratio is presently 41.38%.

In other Intuit news, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $158.98, for a total value of $29,368,852.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total transaction of $326,613.30. Following the completion of the transaction, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at $461,617.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 965,938 shares of company stock valued at $149,469,127. Insiders own 5.59% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Intuit in the fourth quarter worth about $2,233,000. State of Alaska Department of Revenue raised its stake in shares of Intuit by 331.1% during the fourth quarter. State of Alaska Department of Revenue now owns 30,923 shares of the software maker’s stock worth $4,877,000 after buying an additional 23,750 shares during the last quarter. Cullinan Associates Inc. raised its stake in shares of Intuit by 28.3% during the fourth quarter. Cullinan Associates Inc. now owns 27,205 shares of the software maker’s stock worth $4,292,000 after buying an additional 5,995 shares during the last quarter. Coastline Trust Co raised its stake in shares of Intuit by 38.4% during the fourth quarter. Coastline Trust Co now owns 2,020 shares of the software maker’s stock worth $319,000 after buying an additional 560 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Intuit by 1.6% during the fourth quarter. Gulf International Bank UK Ltd now owns 76,619 shares of the software maker’s stock worth $12,088,000 after buying an additional 1,200 shares during the last quarter. 86.03% of the stock is owned by institutional investors.

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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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