Intuit (NASDAQ:INTU – Get Free Report) had its price target upped by stock analysts at Oppenheimer from $476.00 to $530.00 in a report released on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective indicates a potential upside of 2.11% from the stock’s current price.
Several other research firms also recently commented on INTU. Mizuho reissued a “buy” rating and set a $550.00 target price on shares of Intuit in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Intuit from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. UBS Group boosted their target price on shares of Intuit from $520.00 to $540.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of Intuit from $520.00 to $525.00 in a research report on Wednesday, May 24th. Finally, Barclays boosted their target price on shares of Intuit from $495.00 to $570.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $531.14.
Get Our Latest Research Report on Intuit
Intuit Price Performance
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings data on Thursday, August 24th. The software maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.22. Intuit had a net margin of 16.59% and a return on equity of 16.80%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Intuit will post 10.41 earnings per share for the current fiscal year.
Insider Activity at Intuit
In related news, EVP Laura A. Fennell sold 53,741 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $450.96, for a total transaction of $24,235,041.36. Following the sale, the executive vice president now directly owns 39,896 shares in the company, valued at approximately $17,991,500.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intuit news, CFO Michelle M. Clatterbuck sold 1,412 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $452.74, for a total value of $639,268.88. Following the sale, the chief financial officer now directly owns 1,350 shares in the company, valued at approximately $611,199. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 53,741 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $450.96, for a total transaction of $24,235,041.36. Following the completion of the sale, the executive vice president now owns 39,896 shares in the company, valued at $17,991,500.16. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by corporate insiders.
Institutional Trading of Intuit
Several institutional investors and hedge funds have recently bought and sold shares of the company. Analyst IMS Investment Management Services Ltd. lifted its stake in Intuit by 0.7% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 3,213 shares of the software maker’s stock worth $1,465,000 after purchasing an additional 22 shares in the last quarter. BDO Wealth Advisors LLC lifted its stake in Intuit by 15.6% in the 2nd quarter. BDO Wealth Advisors LLC now owns 163 shares of the software maker’s stock worth $75,000 after purchasing an additional 22 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Intuit by 2.2% in the 2nd quarter. Forum Financial Management LP now owns 1,088 shares of the software maker’s stock worth $499,000 after buying an additional 23 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Intuit by 3.4% in the 2nd quarter. Simon Quick Advisors LLC now owns 702 shares of the software maker’s stock worth $322,000 after buying an additional 23 shares during the last quarter. Finally, Journey Advisory Group LLC increased its holdings in shares of Intuit by 2.8% in the 1st quarter. Journey Advisory Group LLC now owns 878 shares of the software maker’s stock worth $391,000 after buying an additional 24 shares during the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.
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