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

Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-four brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $798.27.

INTU has been the subject of several analyst reports. Citigroup restated a "buy" rating and issued a $789.00 price objective (up previously from $726.00) on shares of Intuit in a report on Friday, May 23rd. Evercore ISI lifted their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $815.00 price target (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. UBS Group set a $750.00 price target on Intuit and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 62,816 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the transaction, the insider owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 1,459 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $770.80, for a total transaction of $1,124,597.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,252 shares of company stock valued at $208,518,508. 2.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Intuit by 1.1% in 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 increased its stake in 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 valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Geode Capital Management LLC increased its stake in Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock valued at $3,833,720,000 after buying an additional 132,384 shares during the last quarter. Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Intuit during the 4th quarter worth approximately $2,290,419,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Down 0.1%

INTU stock traded down $1.16 during trading hours on Tuesday, reaching $780.32. 74,560 shares of the stock were exchanged, compared to its average volume of 1,804,726. The company has a market cap of $217.67 billion, a price-to-earnings ratio of 63.34, a PEG ratio of 3.49 and a beta of 1.27. The firm's 50-day moving average is $725.37 and its 200-day moving average is $644.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. Intuit has a 12 month low of $532.65 and a 12 month high of $790.60.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. Intuit's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $9.88 EPS. On average, equities research analysts expect that Intuit will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.53%. Intuit's payout ratio is 33.77%.

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.