Intuit (NASDAQ:INTU) Given "Overweight" Rating at KeyCorp

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "overweight" rating reaffirmed by KeyCorp in a research note issued on Friday, MarketBeat.com reports. They presently have a $850.00 price objective on the software maker's stock, up from their previous price objective of $770.00. KeyCorp's price objective points to a potential upside of 12.63% from the stock's current price.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Citigroup decreased their price objective on Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Evercore ISI boosted their target price on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $815.00 price target (up from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $785.33.

Intuit Trading Up 0.4%

Shares of Intuit stock traded up $2.71 on Friday, reaching $754.67. 1,367,045 shares of the company's stock were exchanged, compared to its average volume of 1,628,417. The firm's 50-day moving average is $622.13 and its two-hundred day moving average is $621.81. Intuit has a 52 week low of $532.65 and a 52 week high of $758.42. 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 $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.

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, beating the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.88 earnings per share. Sell-side analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Insider Activity at Intuit

In other news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. This represents a 99.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Carderock Capital Management Inc. raised its position in shares of Intuit by 2.9% in the 1st quarter. Carderock Capital Management Inc. now owns 10,696 shares of the software maker's stock valued at $6,567,000 after purchasing an additional 301 shares during the last quarter. Advisors Capital Management LLC increased its holdings in Intuit by 6.7% in the first quarter. Advisors Capital Management LLC now owns 1,738 shares of the software maker's stock valued at $1,067,000 after buying an additional 109 shares in the last quarter. Mattson Financial Services LLC raised its position in shares of Intuit by 27.4% in the first quarter. Mattson Financial Services LLC now owns 3,567 shares of the software maker's stock worth $2,190,000 after acquiring an additional 768 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Intuit by 33.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,354 shares of the software maker's stock worth $831,000 after acquiring an additional 340 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in shares of Intuit by 3.5% during the 1st quarter. Belpointe Asset Management LLC now owns 590 shares of the software maker's stock valued at $362,000 after acquiring an additional 20 shares during the period. 83.66% of the stock is currently owned by institutional investors.

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.