Shares of Intuit Inc. (NASDAQ:INTU – Get Rating) gapped down before the market opened on Wednesday after Piper Sandler lowered their price target on the stock from $510.00 to $497.00. The stock had previously closed at $449.80, but opened at $421.00. Intuit shares last traded at $417.83, with a volume of 1,146,764 shares.
Other analysts have also recently issued reports about the company. Citigroup increased their price target on Intuit from $475.00 to $495.00 in a research report on Wednesday. KeyCorp raised their target price on Intuit from $475.00 to $485.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Bank of America raised their target price on Intuit from $485.00 to $500.00 in a research report on Wednesday. StockNews.com assumed coverage on Intuit in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley lifted their price target on Intuit from $520.00 to $525.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $491.35.
In other Intuit news, CFO Michelle M. Clatterbuck sold 545 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $421.38, for a total value of $229,652.10. Following the transaction, the chief financial officer now directly owns 1,350 shares of the company’s stock, valued at approximately $568,863. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Marianna Tessel sold 1,744 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $407.36, for a total transaction of $710,435.84. Following the completion of the transaction, the executive vice president now owns 26,458 shares of the company’s stock, valued at $10,777,930.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michelle M. Clatterbuck sold 545 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $421.38, for a total transaction of $229,652.10. Following the transaction, the chief financial officer now directly owns 1,350 shares of the company’s stock, valued at approximately $568,863. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,328 shares of company stock valued at $3,019,323. 3.18% of the stock is owned by company insiders.
Institutional Investors Weigh In On Intuit
Intuit Stock Performance
The company has a market capitalization of $116.69 billion, a PE ratio of 60.99, a PEG ratio of 3.39 and a beta of 1.19. The business’s 50-day moving average is $433.62 and its 200-day moving average is $412.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.23.
Intuit (NASDAQ:INTU – Get Rating) last announced its quarterly earnings results on Tuesday, May 23rd. The software maker reported $8.92 EPS for the quarter, topping analysts’ consensus estimates of $7.30 by $1.62. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.09 billion. Intuit had a net margin of 14.22% and a return on equity of 14.89%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.70 earnings per share. On average, research analysts anticipate that Intuit Inc. will post 9 earnings per share for the current year.
Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.
- Get a free copy of the StockNews.com research report on Intuit (INTU)
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