Intuit (INTU) PT Raised to $185.00

Intuit (NASDAQ:INTU) had its price target lifted by investment analysts at Bank of America from $172.00 to $185.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the software maker’s stock. Bank of America’s price target points to a potential upside of 6.59% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Deutsche Bank raised their price target on Intuit from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Barclays raised their price target on Intuit from $157.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 13th. Stifel Nicolaus restated a “hold” rating and issued a $148.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Oppenheimer raised their price target on Intuit from $166.00 to $181.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, UBS Group raised their price target on Intuit from $152.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $161.53.

Shares of Intuit (INTU) traded up $1.88 on Wednesday, reaching $173.57. The company’s stock had a trading volume of 1,819,600 shares, compared to its average volume of 1,263,494. The company has a current ratio of 0.67, a quick 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 $175.32. The stock has a market cap of $43,892.53, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 2.91 and a beta of 1.19.

In other news, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $151.46, for a total value of $27,767,767.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 7,882 shares of Intuit stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $152.05, for a total value of $1,198,458.10. Following the completion of the sale, the executive vice president now directly owns 5,207 shares in the company, valued at $791,724.35. The disclosure for this sale can be found here. Insiders sold 687,595 shares of company stock worth $107,334,732 over the last ninety days. Insiders own 5.59% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI increased its holdings in shares of Intuit by 1.0% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after purchasing an additional 300 shares during the last quarter. Bessemer Group Inc. grew its position in Intuit by 11.9% in the fourth quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock worth $484,000 after acquiring an additional 326 shares in the last quarter. Cedar Capital LLC grew its position in Intuit by 18.9% in the third quarter. Cedar Capital LLC now owns 2,142 shares of the software maker’s stock worth $304,000 after acquiring an additional 341 shares in the last quarter. Koch Industries Inc. grew its position in Intuit by 16.0% in the fourth quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock worth $400,000 after acquiring an additional 349 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in Intuit by 5.5% in the fourth quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock worth $1,086,000 after acquiring an additional 359 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Intuit (INTU) PT Raised to $185.00” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://stocknewstimes.com/2018/02/21/intuit-intu-pt-raised-to-185-00.html.

About Intuit

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)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply