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

Intuit Inc. (NASDAQ:INTU) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $735.71.

INTU has been the subject of a number of recent research reports. Bank of America boosted their price objective on Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. BMO Capital Markets boosted their price objective on Intuit from $700.00 to $760.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Stifel Nicolaus upped their target price on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, August 23rd.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 2,461 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total transaction of $1,568,124.59. Following the transaction, the insider now directly owns 6,453,105 shares of the company’s stock, valued at approximately $4,111,853,974.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Scott D. Cook sold 2,461 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total transaction of $1,568,124.59. Following the transaction, the insider now directly owns 6,453,105 shares of the company’s stock, valued at approximately $4,111,853,974.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kerry J. Mclean sold 11,079 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $631.61, for a total value of $6,997,607.19. Following the completion of the sale, the executive vice president now directly owns 24,941 shares in the company, valued at $15,752,985.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,297 shares of company stock worth $32,750,926 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Intuit

Several large investors have recently modified their holdings of the business. LGT Financial Advisors LLC purchased a new stake in Intuit in the second quarter worth about $25,000. Cultivar Capital Inc. purchased a new stake in Intuit in the second quarter worth about $26,000. Fairway Wealth LLC purchased a new stake in Intuit in the second quarter worth about $26,000. Hobbs Group Advisors LLC purchased a new stake in Intuit in the second quarter worth about $35,000. Finally, J.Safra Asset Management Corp purchased a new stake in Intuit in the second quarter worth about $39,000. 83.66% of the stock is owned by institutional investors.

Intuit Stock Down 0.4 %

Shares of NASDAQ:INTU opened at $619.30 on Friday. The company has a market capitalization of $173.12 billion, a price-to-earnings ratio of 57.13, a P/E/G ratio of 3.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50-day moving average is $631.19 and its 200-day moving average is $628.88. Intuit has a 1 year low of $473.56 and a 1 year high of $676.62.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts predict that Intuit will post 14.07 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 10th will be given a dividend of $1.04 per share. This is an increase from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. Intuit’s dividend payout ratio (DPR) is presently 38.38%.

About Intuit

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.