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

Intuit Inc. (NASDAQ:INTU) has been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $721.61.

A number of equities research analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upgraded shares of Intuit from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. Stifel Nicolaus cut their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets cut their price target on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th.

Intuit Stock Up 1.2 %

INTU stock opened at $586.71 on Wednesday. Intuit has a 12-month low of $553.24 and a 12-month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $164.02 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 2.85 and a beta of 1.27. The company has a 50 day moving average of $600.43 and a two-hundred day moving average of $624.29.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be given a $1.04 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.71%. Intuit’s dividend payout ratio is 38.81%.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the sale, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares in the company, valued at $325,664.22. This represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,111 shares of company stock worth $137,327,184 in the last ninety days. Insiders own 2.68% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently bought and sold shares of INTU. Janney Montgomery Scott LLC lifted its holdings in shares of Intuit by 0.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 31,405 shares of the software maker’s stock worth $19,503,000 after acquiring an additional 242 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Intuit by 27.2% during the 3rd quarter. Impax Asset Management Group plc now owns 22,248 shares of the software maker’s stock worth $13,816,000 after acquiring an additional 4,759 shares during the period. Rational Advisors LLC lifted its holdings in shares of Intuit by 169.5% during the 3rd quarter. Rational Advisors LLC now owns 1,000 shares of the software maker’s stock worth $621,000 after acquiring an additional 629 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of Intuit by 12.5% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 2,697 shares of the software maker’s stock worth $1,675,000 after acquiring an additional 300 shares during the period. Finally, FSM Wealth Advisors LLC lifted its holdings in shares of Intuit by 2.9% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,589 shares of the software maker’s stock worth $1,608,000 after acquiring an additional 72 shares during the period. 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.