Intuit Inc. (NASDAQ:INTU) Receives $737.44 Consensus PT from Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have been given an average rating of “Moderate Buy” by the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $737.44.

INTU has been the subject of a number of research reports. Susquehanna reissued a “positive” rating and set a $757.00 target price on shares of Intuit in a research note on Friday, August 16th. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Jefferies Financial Group upped their target price on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Bank of America lifted their price target on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets upped their price objective on Intuit from $700.00 to $760.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Kerry J. Mclean sold 11,079 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $631.61, for a total value of $6,997,607.19. Following the transaction, the executive vice president now directly owns 24,941 shares in the company, valued at $15,752,985.01. The trade was a 30.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,265 shares of company stock worth $83,336,625 over the last 90 days. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. LGT Financial Advisors LLC bought a new position in shares of Intuit during the second quarter worth approximately $25,000. Cultivar Capital Inc. bought a new position in Intuit during the 2nd quarter worth $26,000. Fairway Wealth LLC acquired a new stake in shares of Intuit during the second quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Intuit in the third quarter valued at about $27,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Intuit in the second quarter valued at about $35,000. 83.66% of the stock is owned by institutional investors.

Intuit Stock Up 0.9 %

Shares of NASDAQ:INTU opened at $641.73 on Monday. The company has a 50 day moving average price of $634.10 and a two-hundred day moving average price of $631.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $179.71 billion, a PE ratio of 62.30, a PEG ratio of 3.14 and a beta of 1.25. Intuit has a 52 week low of $557.29 and a 52 week high of $714.78.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts forecast that Intuit will post 14.07 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, January 9th. Intuit’s payout ratio is currently 40.39%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.