Stifel Nicolaus Lowers Intuit (NASDAQ:INTU) Price Target to $725.00

Intuit (NASDAQ:INTU) had its price objective lowered by Stifel Nicolaus from $795.00 to $725.00 in a research report sent to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Susquehanna reissued a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Bank of America increased their price target on Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Jefferies Financial Group lifted their price objective on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley increased their target price on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $737.44.

Intuit Trading Down 0.9 %

Intuit stock opened at $634.62 on Friday. The business has a 50 day moving average price of $634.58 and a two-hundred day moving average price of $631.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit has a 12 month low of $557.29 and a 12 month high of $714.78. The stock has a market cap of $177.77 billion, a price-to-earnings ratio of 61.61, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. As a group, equities analysts forecast that Intuit will post 14.05 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit’s dividend payout ratio is presently 40.39%.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $617.28, for a total value of $2,469,120.00. Following the completion of the sale, the chief financial officer now directly owns 452 shares in the company, valued at approximately $279,010.56. This trade represents a 89.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Laura A. Fennell sold 30,159 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were 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 directly owns 52,038 shares of the company’s stock, valued at $33,427,129.68. The trade was a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,265 shares of company stock valued at $35,200,125. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harvest Portfolios Group Inc. grew its position in Intuit by 5.4% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker’s stock worth $22,295,000 after purchasing an additional 1,853 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Intuit by 33.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,838 shares of the software maker’s stock worth $2,383,000 after buying an additional 968 shares during the last quarter. Retireful LLC bought a new position in shares of Intuit in the third quarter valued at approximately $740,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Intuit during the third quarter valued at approximately $56,144,000. Finally, Cetera Advisors LLC lifted its holdings in Intuit by 33.4% during the first quarter. Cetera Advisors LLC now owns 10,607 shares of the software maker’s stock worth $6,895,000 after acquiring an additional 2,655 shares during the period. 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.