Intuit Inc. (INTU) Price Target Raised to $157.00 at Barclays PLC
Intuit Inc. (NASDAQ:INTU) had its target price hoisted by Barclays PLC from $135.00 to $157.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has an equal weight rating on the software maker’s stock.
INTU has been the topic of a number of other research reports. Jefferies Group LLC started coverage on Intuit in a report on Thursday, August 24th. They issued a buy rating and a $157.00 price objective on the stock. UBS AG started coverage on Intuit in a report on Thursday, November 9th. They issued a neutral rating and a $152.00 price objective on the stock. Oppenheimer Holdings, Inc. increased their price objective on Intuit from $141.00 to $146.00 and gave the stock an outperform rating in a report on Thursday, August 24th. Bank of America Corporation restated a buy rating and issued a $145.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Finally, Credit Suisse Group restated an outperform rating and issued a $155.00 price objective (up previously from $150.00) on shares of Intuit in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $149.00.
Intuit (INTU) opened at $156.55 on Wednesday. Intuit has a twelve month low of $111.48 and a twelve month high of $156.71. The company has a market capitalization of $39,916.18, a P/E ratio of 41.53, a P/E/G ratio of 2.76 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The firm had revenue of $842.00 million for the quarter, compared to the consensus estimate of $808.82 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. analysts expect that Intuit will post 4.03 EPS for the current fiscal year.
In other news, EVP Henry Tayloe Stansbury sold 1,783 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $144.20, for a total value of $257,108.60. Following the completion of the sale, the executive vice president now directly owns 2,675 shares of the company’s stock, valued at $385,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Neil Williams sold 184,585 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total value of $26,046,789.35. Following the completion of the sale, the chief financial officer now directly owns 64,620 shares of the company’s stock, valued at $9,118,528.20. The disclosure for this sale can be found here. Insiders sold 1,084,194 shares of company stock valued at $151,162,540 over the last three months. 5.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Intuit by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock valued at $2,233,621,000 after acquiring an additional 444,676 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Intuit by 7.8% in the second quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock valued at $634,903,000 after acquiring an additional 347,159 shares during the period. Janus Henderson Group PLC boosted its position in shares of Intuit by 612.6% in the second quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock valued at $345,589,000 after acquiring an additional 2,236,974 shares during the period. Royal Bank of Canada boosted its position in shares of Intuit by 19.0% in the second quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock valued at $333,124,000 after acquiring an additional 400,406 shares during the period. Finally, Lindsell Train Ltd boosted its position in shares of Intuit by 7.3% in the third quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock valued at $336,843,000 after acquiring an additional 162,000 shares during the period. 86.10% of the stock is owned by institutional investors.
Intuit Company Profile
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
Receive News & Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.