Shares of Intuit Inc. (NASDAQ:INTU) have been assigned an average rating of “Hold” from the twenty-two research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $159.83.
A number of research analysts have issued reports on the company. Deutsche Bank lifted their price objective on Intuit from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their price objective on Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a research note on Tuesday. Oppenheimer lifted their price objective on Intuit from $166.00 to $181.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Stifel Nicolaus reiterated a “hold” rating and set a $148.00 price objective on shares of Intuit in a research note on Tuesday, November 21st. Finally, UBS Group boosted their price target on Intuit from $152.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 21st.
In related news, Chairman Scott D. Cook sold 183,334 shares of Intuit 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total value of $326,613.30. Following the completion of the sale, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $461,617.50. The disclosure for this sale can be found here. Insiders sold 965,938 shares of company stock valued at $149,469,127 in the last ninety days. 5.59% of the stock is currently owned by corporate insiders.
Shares of Intuit (NASDAQ:INTU) traded down $0.02 during trading hours on Wednesday, reaching $159.36. The company’s stock had a trading volume of 1,264,500 shares, compared to its average volume of 1,245,827. The stock has a market capitalization of $40,745.48, a PE ratio of 42.27, a price-to-earnings-growth ratio of 2.80 and a beta of 1.19. Intuit has a 1-year low of $114.80 and a 1-year high of $170.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. sell-side analysts predict that Intuit will post 4.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, January 9th. Intuit’s payout ratio is currently 41.38%.
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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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