UBS AG started coverage on shares of Intuit Inc. (NASDAQ:INTU) in a report issued on Thursday, 99wallstreet.com reports. The brokerage issued a neutral rating and a $152.00 price objective on the software maker’s stock.
Several other analysts also recently issued reports on INTU. First Analysis raised shares of Intuit from an underweight rating to an equal weight rating and set a $128.00 price target for the company in a research report on Wednesday, August 23rd. Credit Suisse Group reissued an outperform rating and issued a $155.00 price target (up previously from $150.00) on shares of Intuit in a research report on Wednesday, August 23rd. Deutsche Bank AG reissued a buy rating and issued a $150.00 price target on shares of Intuit in a research report on Wednesday, August 23rd. Bank of America Corporation reissued a buy rating and issued a $145.00 price target on shares of Intuit in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $141.00 price objective on shares of Intuit in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $144.74.
Shares of Intuit (NASDAQ:INTU) opened at $153.30 on Thursday. Intuit has a 52-week low of $108.70 and a 52-week high of $154.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $39,087.44, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.70 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $842.00 million during the quarter, compared to the consensus estimate of $808.82 million. During the same quarter last year, the firm posted $0.08 EPS. Intuit’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that Intuit will post 4.03 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were paid a $0.39 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, October 6th. Intuit’s payout ratio is currently 41.94%.
In other news, EVP Henry Tayloe Stansbury sold 1,783 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $144.20, for a total transaction of $257,108.60. Following the sale, the executive vice president now directly owns 2,675 shares in the company, valued at $385,735. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott D. Cook sold 183,333 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $145.19, for a total value of $26,618,118.27. The disclosure for this sale can be found here. Insiders sold a total of 1,084,194 shares of company stock worth $151,162,540 over the last 90 days. 5.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Derivatives purchased a new position in shares of Intuit during the third quarter worth about $105,000. Captrust Financial Advisors purchased a new position in shares of Intuit during the second quarter worth about $108,000. Horan Capital Advisors LLC. purchased a new position in shares of Intuit during the third quarter worth about $114,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Intuit during the second quarter worth about $123,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Intuit during the second quarter worth about $140,000. Hedge funds and other institutional investors own 86.10% 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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