Intuit Inc. (NASDAQ:INTU) Given Consensus Rating of “Moderate Buy” by Analysts

Intuit Inc. (NASDAQ:INTU) has received an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $737.44.

INTU has been the topic of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $765.00 price objective on shares of Intuit in a research report on Friday. Stifel Nicolaus decreased their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Morgan Stanley lifted their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at $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 a total of 293,014 shares of company stock worth $188,992,187 over the last quarter. Company insiders own 2.68% of the company’s stock.

Institutional Investors Weigh In On Intuit

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Intuit in the second quarter worth $26,000. Northwest Investment Counselors LLC bought a new position in Intuit in the 3rd quarter worth $27,000. Denver PWM LLC purchased a new stake in Intuit in the 3rd quarter worth $32,000. Dunhill Financial LLC raised its holdings in Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock valued at $38,000 after acquiring an additional 32 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of Intuit in the second quarter valued at about $49,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.6 %

INTU opened at $613.22 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $649.47 and its 200-day moving average price is $637.94. The company has a market cap of $171.65 billion, a P/E ratio of 59.54, a P/E/G ratio of 3.24 and a beta of 1.25. Intuit has a 12 month low of $557.29 and a 12 month high of $714.78.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 earnings per share. On average, equities analysts expect that Intuit will post 14.07 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be paid a $1.04 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. Intuit’s dividend payout ratio is presently 40.39%.

Intuit Company Profile

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.