Intuit Inc. (INTU) Earns Buy Rating from Jefferies Group LLC

Intuit Inc. (NASDAQ:INTU)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued on Tuesday. They currently have a $185.00 target price on the software maker’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 17.25% from the company’s current price.

Several other equities analysts also recently weighed in on INTU. Barclays PLC raised their target price on shares of Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 target price for the company in a report on Wednesday, August 23rd. William Blair assumed coverage on shares of Intuit in a report on Tuesday, September 19th. They set an “outperform” rating for the company. UBS AG downgraded shares of Intuit to an “underperform” rating in a report on Wednesday, September 27th. Finally, Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price for the company in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $152.17.

Intuit (NASDAQ:INTU) opened at $157.78 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. The stock has a market cap of $40,180.00, a PE ratio of 41.53, a PEG ratio of 2.76 and a beta of 1.18. Intuit has a twelve month low of $111.48 and a twelve month high of $158.90.

Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The firm had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. During the same period last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. analysts forecast that Intuit will post 4.03 earnings per share for the current fiscal year.

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In other Intuit news, EVP Henry Tayloe Stansbury sold 1,783 shares of Intuit stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the transaction, the executive vice president now directly owns 2,675 shares of the company’s stock, valued at $385,735. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $265,835.08. Following the transaction, the vice president now directly owns 1,713 shares in the company, valued at $243,777.03. The disclosure for this sale can be found here. Insiders sold 1,084,194 shares of company stock worth $151,162,540 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Exane Derivatives acquired a new position in Intuit during the third quarter valued at approximately $105,000. Horan Capital Advisors LLC. acquired a new position in Intuit during the third quarter valued at approximately $114,000. Captrust Financial Advisors acquired a new position in Intuit during the second quarter valued at approximately $108,000. Shine Investment Advisory Services Inc. acquired a new position in Intuit during the second quarter valued at approximately $123,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Intuit during the second quarter valued at approximately $140,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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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