Intuit (NASDAQ:INTU) had its target price hoisted by Barclays from $194.00 to $204.00 in a research note published on Wednesday morning, Marketbeat.com reports. They currently have an equal weight rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Argus upped their price target on shares of Intuit from $225.00 to $250.00 in a report on Tuesday, July 24th. Jefferies Financial Group reaffirmed a buy rating and set a $220.00 price target on shares of Intuit in a report on Monday, April 23rd. Bank of America upped their price target on shares of Intuit from $186.60 to $194.00 and gave the stock a buy rating in a report on Tuesday, May 1st. Zacks Investment Research raised shares of Intuit from a hold rating to a buy rating and set a $209.00 price target for the company in a report on Monday, April 30th. Finally, Stifel Nicolaus raised shares of Intuit from a hold rating to a buy rating and upped their price target for the stock from $197.00 to $240.00 in a report on Monday, June 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $204.22.

NASDAQ INTU opened at $207.89 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $54.14 billion, a price-to-earnings ratio of 55.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. Intuit has a 12-month low of $133.60 and a 12-month high of $219.46.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, May 22nd. The software maker reported $4.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.68 by $0.14. Intuit had a net margin of 20.39% and a return on equity of 79.36%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the firm posted $3.90 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. research analysts forecast that Intuit will post 4.45 EPS for the current fiscal year.

In related news, EVP Henry Tayloe Stansbury sold 3,941 shares of the company’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $202.21, for a total transaction of $796,909.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark J. Flournoy sold 5,513 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $197.16, for a total transaction of $1,086,943.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,277 shares of company stock valued at $65,648,052. 5.59% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in INTU. FMR LLC increased its position in Intuit by 14.3% during the 2nd quarter. FMR LLC now owns 10,343,136 shares of the software maker’s stock worth $2,113,155,000 after purchasing an additional 1,290,503 shares in the last quarter. BlackRock Inc. increased its position in Intuit by 5.2% during the 2nd quarter. BlackRock Inc. now owns 17,394,902 shares of the software maker’s stock worth $3,553,866,000 after purchasing an additional 866,776 shares in the last quarter. Morgan Stanley increased its position in Intuit by 25.1% during the 2nd quarter. Morgan Stanley now owns 2,623,888 shares of the software maker’s stock worth $536,074,000 after purchasing an additional 525,743 shares in the last quarter. Millennium Management LLC increased its position in Intuit by 287.7% during the 2nd quarter. Millennium Management LLC now owns 639,961 shares of the software maker’s stock worth $130,747,000 after purchasing an additional 474,879 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Intuit by 100.5% during the 2nd quarter. Acadian Asset Management LLC now owns 894,640 shares of the software maker’s stock worth $182,782,000 after purchasing an additional 448,512 shares in the last quarter. Institutional investors and hedge funds own 87.11% of the company’s stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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Analyst Recommendations for Intuit (NASDAQ:INTU)

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