Intuit (INTU) Earns Neutral Rating from Analysts at UBS

Analysts at UBS assumed coverage on shares of Intuit (NASDAQ:INTU) in a research report issued on Thursday, November 9th, 99wallstreet.com reports. The brokerage set a “neutral” rating and a $152.00 price target on the software maker’s stock. UBS’s price target suggests a potential downside of 2.43% from the company’s current price.

A number of other brokerages have also recently issued reports on INTU. Wells Fargo & Company raised shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective on the stock in a research note on Thursday, September 21st. Raymond James Financial cut shares of Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $141.00 price objective on shares of Intuit in a research report on Thursday, August 24th. Finally, William Blair initiated coverage on shares of Intuit in a research report on Tuesday, September 19th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Intuit presently has an average rating of “Hold” and a consensus price target of $152.89.

Shares of Intuit (NASDAQ INTU) traded up $1.02 on Thursday, reaching $155.79. 1,358,975 shares of the company’s stock were exchanged, compared to its average volume of 1,480,182. The company has a market capitalization of $39,347.08, a PE ratio of 41.15, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a 1 year low of $111.48 and a 1 year high of $158.90.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The company had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. analysts expect that Intuit will post 3.95 earnings per share for the current fiscal year.

In other news, insider Scott D. Cook sold 183,333 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $141.16, for a total transaction of $25,879,286.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 5,350 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $140.25, for a total transaction of $750,337.50. Following the transaction, the executive vice president now directly owns 6,242 shares in the company, valued at $875,440.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,089,481 shares of company stock valued at $159,487,942. Corporate insiders own 5.59% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in INTU. FineMark National Bank & Trust increased its stake in shares of Intuit by 0.4% in the second quarter. FineMark National Bank & Trust now owns 2,716 shares of the software maker’s stock worth $361,000 after purchasing an additional 11 shares in the last quarter. Cue Financial Group Inc. boosted its position in shares of Intuit by 0.3% in the second quarter. Cue Financial Group Inc. now owns 7,004 shares of the software maker’s stock valued at $930,000 after acquiring an additional 20 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Intuit by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock valued at $935,000 after acquiring an additional 27 shares during the period. Bank of Hawaii boosted its position in shares of Intuit by 1.2% in the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock valued at $333,000 after acquiring an additional 30 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its position in shares of Intuit by 0.6% in the second quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock valued at $743,000 after acquiring an additional 36 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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About Intuit

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.

Analyst Recommendations for Intuit (NASDAQ:INTU)

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