Intuit Inc. (INTU) Receives Average Rating of “Hold” from Analysts

Intuit Inc. (NASDAQ:INTU) has earned an average recommendation of “Hold” from the twenty-two brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $159.83.

INTU has been the topic of several research analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $185.00 target price (up previously from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research lowered Intuit from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Morgan Stanley raised their target price on Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 21st. Jefferies Group reissued a “buy” rating and set a $185.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Finally, Oppenheimer raised their target price on Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th.

In other Intuit news, Chairman Scott D. Cook sold 184,733 shares of Intuit stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total value of $29,368,852.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $158.94, for a total value of $342,992.52. Following the completion of the transaction, the executive vice president now owns 3,050 shares in the company, valued at $484,767. The disclosure for this sale can be found here. Insiders have sold a total of 965,938 shares of company stock worth $149,469,127 in the last 90 days. 5.59% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in INTU. Exane Derivatives purchased a new position in shares of Intuit in the 3rd quarter valued at approximately $105,000. Horan Capital Advisors LLC. purchased a new position in shares of Intuit in the 3rd quarter valued at approximately $114,000. Captrust Financial Advisors purchased a new position in shares of Intuit in the 4th quarter valued at approximately $158,000. Highstreet Asset Management Inc. purchased a new position in shares of Intuit in the 3rd quarter valued at approximately $159,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Intuit in the 4th quarter valued at approximately $170,000. Institutional investors own 86.76% of the company’s stock.

Shares of Intuit (INTU) traded up $2.38 during midday trading on Wednesday, hitting $171.69. The stock had a trading volume of 1,700,400 shares, compared to its average volume of 1,283,755. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a 1-year low of $114.80 and a 1-year high of $173.00. The firm has a market cap of $43,892.53, a price-to-earnings ratio of 45.54, a PEG ratio of 2.91 and a beta of 1.19.

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Intuit Company Profile

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

Analyst Recommendations for Intuit (NASDAQ:INTU)

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