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

Intuit Inc. (NASDAQ:INTU) has been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $567.41.

A number of analysts recently commented on INTU shares. Barclays lifted their target price on shares of Intuit from $495.00 to $570.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. BMO Capital Markets lifted their target price on shares of Intuit from $560.00 to $605.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. UBS Group lifted their target price on shares of Intuit from $520.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Stifel Nicolaus lifted their target price on shares of Intuit from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, KeyCorp raised their price target on shares of Intuit from $535.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th.

Intuit Stock Performance

INTU stock opened at $564.50 on Thursday. The firm has a market cap of $158.23 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 3.37 and a beta of 1.20. The firm has a 50-day simple moving average of $521.31 and a two-hundred day simple moving average of $490.03. Intuit has a one year low of $370.62 and a one year high of $567.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.47 and a current ratio of 1.47.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 24th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.43 by $0.22. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.64 billion. Intuit had a net margin of 16.59% and a return on equity of 16.61%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that Intuit will post 11.25 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sandeep Aujla sold 10,732 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $531.01, for a total transaction of $5,698,799.32. Following the transaction, the chief financial officer now owns 235 shares of the company’s stock, valued at approximately $124,787.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Mark P. Notarainni sold 358 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $511.29, for a total value of $183,041.82. Following the sale, the executive vice president now directly owns 869 shares in the company, valued at approximately $444,311.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 10,732 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $531.01, for a total transaction of $5,698,799.32. Following the completion of the sale, the chief financial officer now owns 235 shares in the company, valued at $124,787.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,073 shares of company stock valued at $22,091,651. 3.18% of the stock is currently owned by insiders.

Institutional Trading of Intuit

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich increased its stake in Intuit by 99,673.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 157,291,233 shares of the software maker’s stock worth $72,069,270,000 after purchasing an additional 157,133,584 shares during the period. Norges Bank purchased a new stake in Intuit during the fourth quarter worth about $1,173,468,000. Moneta Group Investment Advisors LLC increased its stake in Intuit by 118,345.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,088,194 shares of the software maker’s stock worth $812,767,000 after purchasing an additional 2,086,431 shares during the period. Morgan Stanley increased its stake in Intuit by 42.5% during the fourth quarter. Morgan Stanley now owns 3,444,913 shares of the software maker’s stock worth $1,340,830,000 after purchasing an additional 1,027,752 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Intuit during the second quarter worth about $356,137,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.

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.