Intuit Inc. (NASDAQ:INTU) had its price objective hoisted by Barclays PLC from $135.00 to $157.00 in a research report sent to investors on Wednesday. The firm currently has an equal weight rating on the software maker’s stock.
Several other analysts have also issued reports on the company. UBS AG began coverage on Intuit in a report on Thursday, November 9th. They set a neutral rating and a $152.00 target price on the stock. Oppenheimer Holdings, Inc. upped their target price on Intuit from $146.00 to $159.00 and gave the stock an outperform rating in a report on Friday, October 27th. Zacks Investment Research lowered Intuit from a buy rating to a hold rating in a report on Tuesday, October 24th. Stifel Nicolaus reiterated a hold rating and set a $132.00 target price on shares of Intuit in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. lowered Intuit from a market perform rating to an underperform rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Intuit currently has an average rating of Hold and an average target price of $147.16.
Intuit (NASDAQ:INTU) traded down $1.35 on Wednesday, reaching $153.86. The company had a trading volume of 1,659,000 shares, compared to its average volume of 1,476,565. Intuit has a fifty-two week low of $109.96 and a fifty-two week high of $156.46. The company has a market capitalization of $40,000.00, a price-to-earnings ratio of 41.17, a PEG ratio of 2.73 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio (DPR) is 41.82%.
In related news, insider Scott D. Cook sold 183,333 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $145.19, for a total transaction of $26,618,118.27. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 5,350 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $140.25, for a total value of $750,337.50. Following the sale, the executive vice president now directly owns 6,242 shares in the company, valued at approximately $875,440.50. The disclosure for this sale can be found here. Insiders have sold 1,084,194 shares of company stock worth $151,162,540 in the last three months. 5.70% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Intuit by 2.7% during the second quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock worth $2,233,621,000 after buying an additional 444,676 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Intuit by 7.8% during the second quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock worth $634,903,000 after buying an additional 347,159 shares in the last quarter. Janus Henderson Group PLC grew its position in Intuit by 612.6% during the second quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after buying an additional 2,236,974 shares in the last quarter. Royal Bank of Canada grew its position in Intuit by 19.0% during the second quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock worth $333,124,000 after buying an additional 400,406 shares in the last quarter. Finally, Lindsell Train Ltd grew its position in Intuit by 7.3% during the third quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock worth $336,843,000 after buying an additional 162,000 shares in the last quarter. 86.10% of the stock is currently owned by institutional investors and hedge funds.
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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