Intuit (NASDAQ:INTU – Get Rating) had its price objective dropped by investment analysts at Credit Suisse Group from $600.00 to $500.00 in a research note issued on Wednesday, The Fly reports. Credit Suisse Group’s price objective indicates a potential upside of 39.29% from the company’s previous close.
Several other equities research analysts have also recently commented on the stock. Citigroup assumed coverage on shares of Intuit in a research report on Tuesday, February 1st. They set a “buy” rating and a $625.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intuit from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Morgan Stanley reduced their price target on Intuit from $720.00 to $550.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Wolfe Research dropped their price objective on Intuit from $790.00 to $600.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Finally, Evercore ISI reduced their target price on Intuit from $720.00 to $645.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $578.33.
INTU stock opened at $358.97 on Wednesday. The company has a 50 day moving average price of $438.84 and a 200 day moving average price of $527.43. Intuit has a fifty-two week low of $339.36 and a fifty-two week high of $716.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $101.52 billion, a PE ratio of 45.79, a price-to-earnings-growth ratio of 2.89 and a beta of 1.16.
In other news, EVP Laura A. Fennell sold 59,286 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Alexander Chriss sold 368 shares of the company’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $478.84, for a total value of $176,213.12. The disclosure for this sale can be found here. Insiders own 3.27% of the company’s stock.
Several large investors have recently added to or reduced their stakes in INTU. JSF Financial LLC lifted its stake in Intuit by 2.9% in the fourth quarter. JSF Financial LLC now owns 675 shares of the software maker’s stock valued at $434,000 after acquiring an additional 19 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Intuit by 0.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 2,601 shares of the software maker’s stock valued at $1,672,000 after purchasing an additional 19 shares during the last quarter. Hixon Zuercher LLC grew its holdings in Intuit by 2.4% during the fourth quarter. Hixon Zuercher LLC now owns 850 shares of the software maker’s stock worth $547,000 after purchasing an additional 20 shares during the period. FineMark National Bank & Trust increased its position in Intuit by 2.1% during the fourth quarter. FineMark National Bank & Trust now owns 959 shares of the software maker’s stock worth $617,000 after buying an additional 20 shares during the last quarter. Finally, Oakworth Capital Inc. raised its stake in Intuit by 2.3% in the fourth quarter. Oakworth Capital Inc. now owns 982 shares of the software maker’s stock valued at $632,000 after buying an additional 22 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.
Intuit Company Profile (Get Rating)
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 ProConnect.
- Get a free copy of the StockNews.com research report on Intuit (INTU)
- Investors Can Get 5%-Plus Dividend Yields on These 3 Buys
- It’s Time to Buy into Planet Fitness Stock
- Indie Semiconductor Stock is Putting in a Bottom
- Two Retailers, One To Buy And One To Avoid
- 3 Defensive Consumer Stocks Worth Shopping For
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.