Intuit (NASDAQ:INTU) Given Overweight Rating at Barclays

Barclays restated their overweight rating on shares of Intuit (NASDAQ:INTU - Free Report) in a research note released on Friday morning, MarketBeat.com reports. Barclays currently has a $815.00 price target on the software maker's stock, up from their prior price target of $775.00.

INTU has been the subject of a number of other reports. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley decreased their target price on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $600.00 to $700.00 in a research note on Thursday, April 17th. UBS Group lifted their target price on Intuit from $655.00 to $720.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Mizuho boosted their target price on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $785.33.

Intuit Stock Performance

INTU stock traded up $2.71 on Friday, reaching $754.67. The company's stock had a trading volume of 1,367,045 shares, compared to its average volume of 1,628,417. Intuit has a 52 week low of $532.65 and a 52 week high of $758.42. The company has a market capitalization of $210.98 billion, a P/E ratio of 73.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The firm has a fifty day moving average of $622.13 and a two-hundred day moving average of $621.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the business earned $9.88 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. As a group, analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the sale, the director now directly owns 8 shares of the company's stock, valued at $4,800. The trade was a 99.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the sale, the executive vice president now directly owns 21,882 shares of the company's stock, valued at $13,401,849.72. The trade was a 27.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,696 shares of company stock valued at $14,347,731. Insiders own 2.68% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Peloton Wealth Strategists grew its holdings in Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after buying an additional 15 shares in the last quarter. Decatur Capital Management Inc. lifted its holdings in shares of Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after buying an additional 16 shares during the last quarter. True North Advisors LLC boosted its holdings in Intuit by 4.3% in the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after purchasing an additional 17 shares in the last quarter. Great Diamond Partners LLC lifted its stake in shares of Intuit by 2.8% in the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock worth $394,000 after buying an additional 17 shares during the last quarter. Finally, Drive Wealth Management LLC lifted its position in shares of Intuit by 2.4% during the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock worth $478,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

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.