Intuit (NASDAQ:INTU) PT Raised to $750.00

Intuit (NASDAQ:INTU - Get Free Report) had its price target hoisted by analysts at Wells Fargo & Company from $725.00 to $750.00 in a research report issued to clients and investors on Tuesday, May 21st, Benzinga reports. The brokerage currently has an "overweight" rating on the software maker's stock. Wells Fargo & Company's price objective points to a potential upside of 25.79% from the stock's previous close.

INTU has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on shares of Intuit from $600.00 to $720.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Mizuho upped their price objective on shares of Intuit from $670.00 to $725.00 and gave the company a "buy" rating in a report on Friday, February 23rd. KeyCorp upped their price target on shares of Intuit from $720.00 to $740.00 and gave the company an "overweight" rating in a research note on Monday, May 20th. Evercore ISI increased their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Barclays increased their price objective on shares of Intuit from $735.00 to $745.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $679.41.

Intuit Price Performance

NASDAQ:INTU opened at $596.25 on Tuesday. Intuit has a 52 week low of $400.22 and a 52 week high of $676.62. The company has a market capitalization of $166.68 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 3.70 and a beta of 1.22. The company has a 50-day moving average of $634.12 and a 200-day moving average of $622.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, topping analysts' consensus estimates of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the firm posted $7.80 earnings per share. The company's revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Intuit will post 11.28 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Alex G. Balazs sold 280 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Intuit

Hedge funds have recently made changes to their positions in the stock. NewSquare Capital LLC acquired a new position in Intuit during the 3rd quarter valued at about $25,000. DiNuzzo Private Wealth Inc. acquired a new stake in Intuit during the fourth quarter worth about $25,000. Cape Investment Advisory Inc. acquired a new stake in Intuit during the third quarter worth about $26,000. West Branch Capital LLC boosted its position in Intuit by 79.2% during the first quarter. West Branch Capital LLC now owns 43 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Finally, MCF Advisors LLC boosted its position in Intuit by 119.0% during the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker's stock worth $29,000 after purchasing an additional 25 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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.