Intuit (NASDAQ:INTU) Price Target Lowered to $714.00 at BMO Capital Markets

Intuit (NASDAQ:INTU) had its price objective reduced by BMO Capital Markets from $760.00 to $714.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

INTU has been the subject of a number of other reports. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. Scotiabank assumed coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price for the company. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price for the company. in a research report on Wednesday, January 15th. Barclays decreased their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Oppenheimer boosted their target price on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $723.76.

Intuit Trading Up 12.6 %

NASDAQ:INTU opened at $625.51 on Wednesday. Intuit has a 12 month low of $553.24 and a 12 month high of $714.78. The firm has a fifty day simple moving average of $607.22 and a 200-day simple moving average of $627.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $175.09 billion, a P/E ratio of 60.73, a PEG ratio of 2.85 and a beta of 1.24.

Insider Transactions at Intuit

In other news, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,300 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $626.42, for a total transaction of $814,346.00. Following the sale, the chief financial officer now directly owns 644 shares of the company’s stock, valued at $403,414.48. This represents a 66.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,014 shares of company stock valued at $140,855,687 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Institutional Trading of Intuit

Several large investors have recently bought and sold shares of the business. Capital A Wealth Management LLC purchased a new stake in Intuit during the 4th quarter valued at about $256,000. Heck Capital Advisors LLC purchased a new stake in Intuit during the 4th quarter valued at about $28,000. Integrated Advisors Network LLC grew its stake in Intuit by 1.8% during the 4th quarter. Integrated Advisors Network LLC now owns 1,441 shares of the software maker’s stock valued at $906,000 after acquiring an additional 25 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Intuit during the 4th quarter valued at about $64,000. Finally, United Advisor Group LLC purchased a new stake in Intuit during the 4th quarter valued at about $226,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.