Investment analysts at UBS AG began coverage on shares of Intuit Inc. (NASDAQ:INTU) in a research report issued on Thursday, November 9th, 99wallstreet.com reports. The firm set a “neutral” rating and a $152.00 price target on the software maker’s stock. UBS AG’s price target would indicate a potential upside of 0.14% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Oppenheimer Holdings, Inc. raised their price objective on Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $132.00 price objective on shares of Intuit in a research note on Friday, October 6th. Raymond James Financial, Inc. cut Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. Finally, Wells Fargo & Company raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target for the company in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $152.89.
Intuit (INTU) opened at $151.79 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit has a twelve month low of $111.48 and a twelve month high of $158.90. The company has a market capitalization of $40,336.43, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 76.41% and a net margin of 18.62%. The company had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. equities research analysts forecast that Intuit will post 4.03 EPS for the current year.
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In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $135.22, for a total value of $24,790,423.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark J. Flournoy sold 1,868 shares of Intuit stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the transaction, the vice president now directly owns 1,713 shares in the company, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in INTU. Exane Derivatives purchased a new position in shares of Intuit in the 3rd quarter worth about $105,000. Horan Capital Advisors LLC. bought a new position in shares of Intuit in the 3rd quarter worth approximately $114,000. Captrust Financial Advisors bought a new position in shares of Intuit in the 2nd quarter worth approximately $108,000. Shine Investment Advisory Services Inc. bought a new position in shares of Intuit in the 2nd quarter worth approximately $123,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Intuit in the 2nd quarter worth approximately $140,000. Institutional investors own 86.57% of the company’s stock.
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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