Intuit (NASDAQ:INTU – Get Rating) had its price objective lowered by BMO Capital Markets from $550.00 to $475.00 in a research report issued to clients and investors on Wednesday, The Fly reports. BMO Capital Markets’ price objective would indicate a potential upside of 32.32% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Intuit from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Piper Sandler cut their price target on Intuit from $674.00 to $500.00 and set an “overweight” rating on the stock in a research note on Wednesday. KeyCorp reduced their price objective on shares of Intuit from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Wednesday. Oppenheimer reduced their target price on Intuit from $696.00 to $588.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Finally, Credit Suisse Group decreased their price target on shares of Intuit from $600.00 to $500.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $563.81.
Shares of NASDAQ INTU opened at $358.97 on Wednesday. Intuit has a 52-week low of $339.36 and a 52-week high of $716.86. The company’s 50-day simple moving average is $438.84 and its 200-day simple moving average is $527.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market cap of $101.52 billion, a price-to-earnings ratio of 45.79, a price-to-earnings-growth ratio of 2.89 and a beta of 1.16.
In other news, 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 transaction of $176,213.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Laura A. Fennell sold 59,286 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total value of $28,162,628.58. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. JNBA Financial Advisors bought a new position in Intuit in the 4th quarter valued at about $25,000. Castleview Partners LLC bought a new stake in Intuit in the 4th quarter valued at $25,000. Mascoma Wealth Management LLC increased its position in Intuit by 3,900.0% during the 4th quarter. Mascoma Wealth Management LLC now owns 40 shares of the software maker’s stock worth $26,000 after buying an additional 39 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Intuit during the fourth quarter worth $26,000. Finally, San Luis Wealth Advisors LLC bought a new stake in shares of Intuit in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
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.
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