First Analysis downgraded shares of Intuit (NASDAQ:INTU) from an equal rating to a sell rating in a report released on Wednesday, MarketBeat.com reports. First Analysis currently has $160.00 price objective on the software maker’s stock, up from their prior price objective of $143.00.
A number of other research analysts also recently weighed in on INTU. Zacks Investment Research raised Intuit from a sell rating to a hold rating in a research note on Tuesday, January 23rd. Citigroup reaffirmed a hold rating and issued a $170.00 target price (up previously from $157.00) on shares of Intuit in a report on Monday, January 29th. Oppenheimer raised their target price on Intuit from $166.00 to $181.00 and gave the company an outperform rating in a report on Monday, January 29th. Deutsche Bank raised their target price on Intuit from $180.00 to $190.00 and gave the company a buy rating in a report on Monday, February 12th. Finally, Barclays raised their target price on Intuit from $157.00 to $168.00 and gave the company an equal weight rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Intuit presently has a consensus rating of Hold and an average target price of $191.35.
Shares of Intuit opened at $197.09 on Wednesday, MarketBeat.com reports. The company has a current ratio of 1.05, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. Intuit has a twelve month low of $130.26 and a twelve month high of $199.48. The company has a market capitalization of $50.57 billion, a P/E ratio of 52.28, a P/E/G ratio of 2.60 and a beta of 1.13.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, May 22nd. The software maker reported $4.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.68 by $0.14. Intuit had a return on equity of 79.36% and a net margin of 20.39%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business earned $3.90 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. research analysts forecast that Intuit will post 4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 18th. Stockholders of record on Tuesday, July 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, July 9th. Intuit’s payout ratio is presently 41.38%.
In other news, VP Mark J. Flournoy sold 5,513 shares of Intuit stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $197.16, for a total transaction of $1,086,943.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Henry Tayloe Stansbury sold 3,941 shares of Intuit stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $195.50, for a total value of $770,465.50. The disclosure for this sale can be found here. Insiders have sold a total of 959,263 shares of company stock worth $169,434,609 in the last three months. 5.59% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC grew its holdings in shares of Intuit by 100.0% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock worth $130,000 after purchasing an additional 375 shares in the last quarter. Resources Investment Advisors Inc. grew its holdings in shares of Intuit by 158.9% during the 1st quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock worth $174,000 after purchasing an additional 556 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Intuit during the 4th quarter worth approximately $158,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Intuit during the 4th quarter worth approximately $170,000. Finally, TLP Group LLC grew its holdings in shares of Intuit by 1,520.8% during the 1st quarter. TLP Group LLC now owns 1,167 shares of the software maker’s stock worth $202,000 after purchasing an additional 1,095 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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