Intuit Inc. (NASDAQ:INTU) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $735.71.

A number of equities analysts recently issued reports on the company. Susquehanna restated a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Stifel Nicolaus lifted their target price on Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Erste Group Bank restated a “hold” rating on shares of Intuit in a report on Friday, June 14th. Finally, BMO Capital Markets lifted their price target on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd.

Insider Activity at Intuit

In other Intuit news, EVP Laura A. Fennell sold 30,159 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the completion of the sale, the executive vice president now owns 52,038 shares of the company’s stock, valued at $33,427,129.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intuit news, EVP Laura A. Fennell sold 30,159 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the completion of the sale, the executive vice president now owns 52,038 shares of the company’s stock, valued at $33,427,129.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 775 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the completion of the sale, the chief financial officer now directly owns 4,451 shares of the company’s stock, valued at $2,676,430.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,297 shares of company stock valued at $32,750,926. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several large investors have recently made changes to their positions in INTU. Personal CFO Solutions LLC increased its stake in Intuit by 5.9% during the fourth quarter. Personal CFO Solutions LLC now owns 2,261 shares of the software maker’s stock valued at $1,413,000 after acquiring an additional 126 shares during the period. Ossiam grew its stake in shares of Intuit by 6.4% in the 4th quarter. Ossiam now owns 5,624 shares of the software maker’s stock valued at $3,515,000 after purchasing an additional 337 shares during the period. Sei Investments Co. grew its stake in shares of Intuit by 2.8% in the 4th quarter. Sei Investments Co. now owns 474,536 shares of the software maker’s stock valued at $296,617,000 after purchasing an additional 12,904 shares during the period. Elo Mutual Pension Insurance Co grew its stake in shares of Intuit by 4.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,469 shares of the software maker’s stock valued at $15,294,000 after purchasing an additional 1,029 shares during the period. Finally, XML Financial LLC grew its stake in shares of Intuit by 9.6% in the 4th quarter. XML Financial LLC now owns 570 shares of the software maker’s stock valued at $356,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Up 1.1 %

INTU opened at $610.67 on Friday. Intuit has a one year low of $473.56 and a one year high of $676.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s fifty day moving average is $632.84 and its 200-day moving average is $629.56. The company has a market capitalization of $170.71 billion, a PE ratio of 56.33, a P/E/G ratio of 3.13 and a beta of 1.24.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities analysts predict that Intuit will post 14.07 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be given a dividend of $1.04 per share. This is a boost from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. Intuit’s dividend payout ratio (DPR) is presently 38.38%.

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.