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

Intuit Inc. (NASDAQ:INTU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $720.16.

INTU has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and increased their price target for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. Oppenheimer cut their target price on Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $600.00 to $700.00 in a research report on Thursday, April 17th. Redburn Atlantic began coverage on Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. Finally, BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th.

Intuit Trading Up 1.4%

INTU opened at $670.28 on Monday. The firm has a 50 day simple moving average of $608.44 and a 200 day simple moving average of $619.21. Intuit has a fifty-two week low of $532.65 and a fifty-two week high of $714.78. The company has a market cap of $187.38 billion, a price-to-earnings ratio of 65.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

Insiders Place Their Bets

In other Intuit news, EVP Marianna Tessel sold 7,385 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $600.13, for a total value of $4,431,960.05. Following the sale, the executive vice president now owns 40,190 shares of the company's stock, valued at approximately $24,119,224.70. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 over the last 90 days. 2.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after acquiring an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after acquiring an additional 649,212 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock worth $3,833,720,000 after acquiring an additional 132,384 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after acquiring an additional 358,328 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Intuit in the 4th quarter worth about $2,290,419,000. 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.

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