Intuit (NASDAQ:INTU) Lowered to “Hold” at StockNews.com

Intuit (NASDAQ:INTU) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other equities research analysts also recently commented on INTU. Oppenheimer lifted their target price on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. KeyCorp boosted their price target on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Susquehanna boosted their price target on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Evercore ISI boosted their price target on Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $645.00.

Intuit Trading Up 3.5 %

Intuit stock opened at $630.88 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. Intuit has a 52 week low of $400.22 and a 52 week high of $671.01. The company has a market capitalization of $176.65 billion, a price-to-earnings ratio of 64.38, a price-to-earnings-growth ratio of 3.68 and a beta of 1.21. The stock has a 50-day moving average price of $641.83 and a 200 day moving average price of $601.63.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Intuit will post 11.27 EPS for the current year.

Insider Buying and Selling at Intuit

In related news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 in the last three months. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently made changes to their positions in INTU. NewSquare Capital LLC acquired a new stake in shares of Intuit during the third quarter valued at about $25,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Intuit during the fourth quarter valued at about $25,000. Cape Investment Advisory Inc. acquired a new stake in shares of Intuit during the third quarter valued at about $26,000. MCF Advisors LLC increased its position in shares of Intuit by 119.0% during the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares during the last quarter. Finally, Steward Financial Group LLC increased its position in shares of Intuit by 50.0% during the third quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.