Intuit (NASDAQ:INTU)‘s stock had its “neutral” rating restated by investment analysts at UBS Group in a report released on Friday, www.benzinga.com reports. They presently have a $177.00 price objective on the software maker’s stock, up from their previous price objective of $170.00. UBS Group’s price objective would suggest a potential upside of 3.04% from the company’s previous close.
Several other brokerages have also recently weighed in on INTU. Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 price target (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Intuit from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Morgan Stanley raised their price target on shares of Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 21st. Jefferies Group reaffirmed a “buy” rating and set a $185.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Finally, Oppenheimer raised their price target on shares of Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $164.95.
Intuit (INTU) opened at $171.78 on Friday. The firm has a market cap of $43,994.75, a P/E ratio of 45.81, a PEG ratio of 2.68 and a beta of 1.19. Intuit has a 52 week low of $114.80 and a 52 week high of $177.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67.
In other news, VP Mark J. Flournoy sold 13,424 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $155.56, for a total value of $2,088,237.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 184,733 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $158.98, for a total value of $29,368,852.34. The disclosure for this sale can be found here. In the last three months, insiders sold 496,379 shares of company stock valued at $78,368,506. 5.59% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Intuit by 1.0% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock valued at $4,986,000 after purchasing an additional 300 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Intuit by 11.9% during the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock valued at $484,000 after purchasing an additional 326 shares during the last quarter. Cedar Capital LLC lifted its holdings in Intuit by 18.9% during the 3rd quarter. Cedar Capital LLC now owns 2,142 shares of the software maker’s stock valued at $304,000 after purchasing an additional 341 shares during the last quarter. Koch Industries Inc. lifted its holdings in Intuit by 16.0% during the 4th quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock valued at $400,000 after purchasing an additional 349 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Intuit by 5.5% during the 4th quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock valued at $1,086,000 after purchasing an additional 359 shares during the last quarter. 86.76% of the stock is owned by institutional investors.
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Intuit Company Profile
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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