Intuit Inc. (NASDAQ:INTU) Receives Consensus Rating of "Moderate Buy" from Analysts

Intuit Inc. (NASDAQ:INTU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $717.53.

Several equities research analysts have weighed in 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. BNP Paribas cut shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price objective for the company. in a research report on Wednesday, January 15th. BMO Capital Markets lowered their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Piper Sandler restated an "overweight" rating and issued a $785.00 price objective (up previously from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th.

Insider Activity

In related news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the transaction, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company's stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 in the last quarter. Corporate insiders own 2.68% of the company's stock.

Institutional Investors Weigh In On Intuit

Hedge funds have recently bought and sold shares of the stock. True North Advisors LLC increased its stake in Intuit by 4.3% in the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after acquiring an additional 17 shares during the last quarter. Great Diamond Partners LLC raised its position in shares of Intuit by 2.8% during the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock worth $394,000 after acquiring an additional 17 shares during the last quarter. Pacifica Partners Inc. raised its position in shares of Intuit by 27.7% during the fourth quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after acquiring an additional 18 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Intuit by 2.4% during the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock worth $478,000 after acquiring an additional 18 shares during the last quarter. Finally, NewSquare Capital LLC grew its stake in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

INTU traded up $4.92 during midday trading on Thursday, hitting $623.15. The company had a trading volume of 843,273 shares, compared to its average volume of 1,580,429. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $174.21 billion, a PE ratio of 60.50, a P/E/G ratio of 2.85 and a beta of 1.25. Intuit has a twelve month low of $532.65 and a twelve month high of $714.78. The firm's 50-day simple moving average is $595.08 and its 200-day simple moving average is $616.14.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Thursday, April 10th. Intuit's payout ratio is 38.81%.

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.