Intuit Inc. (NASDAQ:INTU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $721.61.

A number of brokerages have issued reports on INTU. Scotiabank cut their price target on Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Redburn Atlantic began coverage on Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. BMO Capital Markets dropped their target price on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley upgraded shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target on the stock in a report on Wednesday, February 26th.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now owns 1,944 shares in the company, valued at approximately $1,221,804. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,896 shares of company stock worth $82,946,716 in the last 90 days. 2.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

Several large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Copia Wealth Management bought a new stake in Intuit during the 4th quarter valued at $25,000. NewSquare Capital LLC increased its holdings in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after acquiring an additional 18 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Intuit in the 4th quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Intuit during the 4th quarter worth $28,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $598.92 on Friday. Intuit has a 52 week low of $553.24 and a 52 week high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $167.44 billion, a price-to-earnings ratio of 58.15, a PEG ratio of 2.85 and a beta of 1.27. The business has a 50-day simple moving average of $595.90 and a two-hundred day simple moving average of $622.38.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is presently 38.81%.

About Intuit

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.