Intuit Inc. (INTU) Receives “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Intuit Inc. (NASDAQ:INTU) in a research report released on Tuesday morning. They currently have a $148.00 price objective on the software maker’s stock.
Several other brokerages have also issued reports on INTU. Citigroup Inc. upped their price target on Intuit to $170.00 in a research note on Tuesday. Jefferies Group LLC reissued a buy rating and issued a $185.00 target price on shares of Intuit in a research note on Tuesday. Royal Bank Of Canada increased their target price on Intuit from $141.00 to $160.00 and gave the company a sector perform rating in a research note on Thursday, November 16th. Barclays PLC increased their target price on Intuit from $135.00 to $157.00 and gave the company an equal weight rating in a research note on Wednesday, November 15th. Finally, UBS AG started coverage on Intuit in a research note on Thursday, November 9th. They issued a neutral rating and a $152.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $152.89.
Intuit (NASDAQ INTU) opened at $151.79 on Tuesday. The stock has a market capitalization of $40,336.43, a PE ratio of 42.19, a P/E/G ratio of 2.78 and a beta of 1.18. Intuit has a fifty-two week low of $111.48 and a fifty-two week high of $158.90. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32.
Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 76.41% and a net margin of 18.62%. The firm had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. analysts anticipate that Intuit will post 4.03 EPS for the current year.
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In other Intuit news, EVP Henry Tayloe Stansbury sold 5,350 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $140.25, for a total transaction of $750,337.50. Following the completion of the transaction, the executive vice president now owns 6,242 shares in the company, valued at approximately $875,440.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Neil Williams sold 184,585 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the sale, the chief financial officer now owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,084,194 shares of company stock valued at $151,162,540. Company insiders own 5.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in INTU. FineMark National Bank & Trust raised its holdings in Intuit by 0.4% in the second quarter. FineMark National Bank & Trust now owns 2,716 shares of the software maker’s stock valued at $361,000 after buying an additional 11 shares during the period. Cue Financial Group Inc. lifted its stake in Intuit by 0.3% in the second quarter. Cue Financial Group Inc. now owns 7,004 shares of the software maker’s stock valued at $930,000 after buying an additional 20 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in Intuit by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock valued at $935,000 after buying an additional 27 shares during the last quarter. Bank of Hawaii lifted its stake in Intuit by 1.2% in the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock valued at $333,000 after buying an additional 30 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its stake in Intuit by 0.6% in the second quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock valued at $743,000 after buying an additional 36 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.
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.
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