Intuit (INTU) Given New $190.00 Price Target at Deutsche Bank

Intuit (NASDAQ:INTU) had its target price hoisted by equities research analysts at Deutsche Bank from $180.00 to $190.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the software maker’s stock. Deutsche Bank’s target price would suggest a potential upside of 20.97% from the stock’s current price.

INTU has been the subject of a number of other research reports. UBS Group started coverage on shares of Intuit in a report on Thursday, November 9th. They issued a “neutral” rating and a $152.00 price target for the company. Credit Suisse Group reiterated an “outperform” rating and issued a $185.00 price target (up previously from $170.00) on shares of Intuit in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Intuit from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Barclays increased their price target on shares of Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Finally, Oppenheimer increased their price target on shares of Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $158.84.

Shares of Intuit (INTU) traded up $4.31 during trading on Monday, reaching $157.06. 2,175,600 shares of the company’s stock were exchanged, compared to its average volume of 1,239,497. The stock has a market cap of $40,152.37, a P/E ratio of 41.66, a P/E/G ratio of 2.83 and a beta of 1.19. 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 52 week low of $114.80 and a 52 week high of $170.59.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. The company had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. Intuit’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. equities analysts anticipate that Intuit will post 4.02 EPS for the current year.

In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $151.46, for a total transaction of $27,767,767.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brad D. Smith sold 110,496 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total transaction of $16,729,094.40. Following the sale, the chief executive officer now directly owns 399,246 shares in the company, valued at $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 over the last ninety days. 5.59% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. APG Asset Management N.V. boosted its position in shares of Intuit by 102.0% in the fourth quarter. APG Asset Management N.V. now owns 1,640,506 shares of the software maker’s stock worth $215,555,000 after acquiring an additional 828,387 shares during the last quarter. Jensen Investment Management Inc. acquired a new stake in shares of Intuit in the third quarter worth approximately $112,811,000. BlackRock Inc. boosted its position in shares of Intuit by 3.0% in the fourth quarter. BlackRock Inc. now owns 16,920,632 shares of the software maker’s stock worth $2,669,740,000 after acquiring an additional 486,554 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in Intuit by 142.3% in the third quarter. Atlanta Capital Management Co. L L C now owns 504,885 shares of the software maker’s stock valued at $71,764,000 after buying an additional 296,481 shares during the period. Finally, Investec Asset Management LTD raised its holdings in Intuit by 35.3% in the third quarter. Investec Asset Management LTD now owns 952,772 shares of the software maker’s stock valued at $135,427,000 after buying an additional 248,408 shares during the period. 86.37% of the stock is currently owned by institutional investors.

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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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