Intuit (NASDAQ:INTU) PT Set at $750.00 by UBS Group

Intuit (NASDAQ:INTU) received a $750.00 target price from stock analysts at UBS Group in a report released on Friday, Marketbeat reports. The brokerage currently has a “neutral” rating on the software maker’s stock. UBS Group’s price target points to a potential upside of 4.15% from the company’s previous close.

A number of other brokerages also recently commented on INTU. Scotiabank raised Intuit from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $600.00 to $700.00 in a research report on Thursday, April 17th. Barclays lifted their price objective on Intuit from $775.00 to $815.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley lifted their price objective on Intuit from $720.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $785.33.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $720.13 on Friday. The business’s fifty day moving average price is $616.76 and its two-hundred day moving average price is $620.65. The stock has a market cap of $201.32 billion, a PE ratio of 69.92, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit has a one year low of $532.65 and a one year high of $734.18.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating analysts’ consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.88 EPS. On average, analysts forecast that Intuit will post 14.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock worth $14,347,731 over the last quarter. 2.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuit

Hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Intuit during the fourth quarter worth about $25,000. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter worth about $25,000. NewSquare Capital LLC increased its position in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after acquiring an additional 18 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Intuit during the fourth quarter worth about $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the fourth quarter worth about $28,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Company Profile

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 ProTax.