Intuit (NASDAQ:INTU) PT Lowered to $757.00 at Susquehanna

Intuit (NASDAQ:INTU) had its price target decreased by equities research analysts at Susquehanna from $775.00 to $757.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the software maker’s stock. Susquehanna’s price target would suggest a potential upside of 14.31% from the company’s previous close.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. UBS Group lifted their price target on Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a research note on Monday. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price objective on shares of Intuit in a report on Tuesday, March 26th. Bank of America cut their price objective on Intuit from $760.00 to $730.00 and set a “buy” rating on the stock in a report on Friday. Finally, Stifel Nicolaus raised their price objective on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $671.68.

Intuit Price Performance

Intuit stock opened at $662.26 on Friday. Intuit has a 12 month low of $400.22 and a 12 month high of $676.62. The stock’s 50 day moving average is $634.96 and its 200-day moving average is $619.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $185.43 billion, a price-to-earnings ratio of 67.58, a PEG ratio of 4.08 and a beta of 1.22.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $8.63 EPS for the quarter, topping analysts’ consensus estimates of $8.12 by $0.51. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the company earned $7.80 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that Intuit will post 11.28 EPS for the current year.

Insider Activity at Intuit

In related news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock valued at $3,117,156 in the last three months. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. MGO One Seven LLC increased its holdings in Intuit by 17.9% during the 3rd quarter. MGO One Seven LLC now owns 1,289 shares of the software maker’s stock worth $659,000 after purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Intuit by 7.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the software maker’s stock worth $221,000 after buying an additional 31 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Intuit in the 3rd quarter worth approximately $77,000. Victory Capital Management Inc. boosted its stake in shares of Intuit by 24.7% in the 3rd quarter. Victory Capital Management Inc. now owns 288,602 shares of the software maker’s stock worth $147,458,000 after buying an additional 57,249 shares during the last quarter. Finally, LGT Group Foundation boosted its stake in shares of Intuit by 0.6% in the 3rd quarter. LGT Group Foundation now owns 17,370 shares of the software maker’s stock worth $8,994,000 after buying an additional 96 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

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.