UBS Group reaffirmed their neutral rating on shares of Intuit (NASDAQ:INTU) in a research note released on Friday morning, www.benzinga.com reports. They currently have a $177.00 target price on the software maker’s stock, up from their previous target price of $170.00.
A number of other research firms also recently issued reports on INTU. Credit Suisse Group reiterated an outperform rating and set a $185.00 target price (up previously from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Intuit from a hold rating to a sell rating in a research report on Monday, November 27th. Morgan Stanley boosted their target price on shares of Intuit from $110.00 to $120.00 and gave the company an underweight rating in a research report on Tuesday, November 21st. Jefferies Group reiterated a buy rating and set a $185.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Finally, Oppenheimer boosted their target price on shares of Intuit from $146.00 to $159.00 and gave the company an outperform rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $166.53.
Intuit (NASDAQ INTU) opened at $172.67 on Friday. The stock has a market cap of $44,140.00, a P/E ratio of 45.44, a PEG ratio of 2.68 and a beta of 1.19. Intuit has a 1 year low of $114.80 and a 1 year high of $177.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 annualized dividend and a yield of 0.90%. Intuit’s payout ratio is 41.05%.
In other Intuit news, Chairman Scott D. Cook sold 184,733 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $158.98, for a total transaction of $29,368,852.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 183,333 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $155.03, for a total transaction of $28,422,114.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 482,955 shares of company stock worth $76,280,269. Corporate insiders own 5.59% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. APG Asset Management N.V. grew its stake in shares of Intuit by 102.0% in the 4th quarter. APG Asset Management N.V. now owns 1,640,506 shares of the software maker’s stock worth $215,555,000 after acquiring an additional 828,387 shares in the last quarter. Jensen Investment Management Inc. bought a new stake in shares of Intuit in the 3rd quarter worth $112,811,000. BlackRock Inc. grew its stake in shares of Intuit by 3.0% in the 4th quarter. BlackRock Inc. now owns 16,920,632 shares of the software maker’s stock worth $2,669,740,000 after acquiring an additional 486,554 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Intuit by 272.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 466,060 shares of the software maker’s stock worth $73,535,000 after acquiring an additional 340,871 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its stake in shares of Intuit by 142.3% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 504,885 shares of the software maker’s stock worth $71,764,000 after acquiring an additional 296,481 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.
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Intuit Company Profile
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.
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