Intuit (INTU) Receives Buy Rating from Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Intuit (NASDAQ:INTU) in a report published on Tuesday, January 9th. The brokerage currently has a $180.00 price objective on the software maker’s stock.

A number of other research firms have also weighed in on INTU. Credit Suisse Group restated an outperform rating and set a $185.00 target price (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. JPMorgan Chase & Co. increased their price target on shares of Intuit to $163.00 and gave the company a neutral rating in a research note on Thursday, January 4th. Citigroup increased their price target on shares of Intuit to $170.00 in a research note on Tuesday, November 21st. Jefferies Group reiterated a buy rating and issued a $185.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $148.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Intuit presently has an average rating of Hold and an average price target of $157.53.

Shares of Intuit (NASDAQ:INTU) opened at $165.98 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. Intuit has a one year low of $111.90 and a one year high of $165.13. The firm has a market cap of $42,056.96, a P/E ratio of 44.03, a P/E/G ratio of 2.96 and a beta of 1.18.

Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The firm had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. analysts predict that Intuit will post 3.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, January 9th. Intuit’s dividend payout ratio is presently 41.38%.

In other Intuit news, EVP Henry Tayloe Stansbury sold 2,158 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total value of $326,613.30. Following the completion of the sale, the executive vice president now owns 3,050 shares of the company’s stock, valued at $461,617.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brad D. Smith sold 110,496 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $151.40, for a total value of $16,729,094.40. Following the completion of the transaction, the chief executive officer now owns 399,246 shares of the company’s stock, valued at approximately $60,445,844.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 965,938 shares of company stock valued at $149,469,127. Corporate insiders own 5.59% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Intuit by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock worth $2,233,621,000 after purchasing an additional 444,676 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Intuit by 7.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock worth $634,903,000 after purchasing an additional 347,159 shares in the last quarter. Janus Henderson Group PLC increased its position in Intuit by 612.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after purchasing an additional 2,236,974 shares in the last quarter. Royal Bank of Canada increased its position in Intuit by 19.0% during the 2nd quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock worth $333,124,000 after purchasing an additional 400,406 shares in the last quarter. Finally, Lindsell Train Ltd increased its position in Intuit by 7.3% during the 3rd quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock worth $336,843,000 after purchasing an additional 162,000 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

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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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