Intuit (NASDAQ:INTU – Get Free Report) had its price objective raised by equities researchers at Mizuho from $550.00 to $600.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the software maker’s stock. Mizuho’s target price indicates a potential upside of 8.98% from the company’s previous close.
INTU has been the topic of a number of other research reports. Bank of America boosted their price objective on Intuit from $530.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. UBS Group lifted their target price on Intuit from $520.00 to $540.00 and gave the stock a “neutral” rating in a report on Friday, August 25th. KeyCorp lifted their target price on Intuit from $535.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their target price on Intuit from $485.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, August 14th. Finally, Piper Sandler lifted their target price on Intuit from $497.00 to $528.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $546.55.
Get Our Latest Report on Intuit
Intuit Stock Down 0.6 %
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Thursday, August 24th. The software maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.22. Intuit had a return on equity of 16.61% and a net margin of 16.59%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Intuit will post 11.25 EPS for the current year.
Insider Buying and Selling at Intuit
In other Intuit news, EVP Laura A. Fennell sold 53,741 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $450.96, for a total value of $24,235,041.36. Following the completion of the sale, the executive vice president now owns 39,896 shares of the company’s stock, valued at $17,991,500.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Lauren D. Hotz sold 550 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $549.42, for a total transaction of $302,181.00. Following the completion of the transaction, the chief accounting officer now owns 2,054 shares of the company’s stock, valued at approximately $1,128,508.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Laura A. Fennell sold 53,741 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $450.96, for a total value of $24,235,041.36. Following the transaction, the executive vice president now directly owns 39,896 shares of the company’s stock, valued at approximately $17,991,500.16. The disclosure for this sale can be found here. Insiders have sold 82,225 shares of company stock worth $39,409,161 over the last 90 days. 3.18% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Intuit
Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. Fairfield Bush & CO. increased its stake in Intuit by 39.6% during the first quarter. Fairfield Bush & CO. now owns 3,648 shares of the software maker’s stock valued at $1,754,000 after acquiring an additional 1,035 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Intuit by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,309 shares of the software maker’s stock valued at $242,492,000 after acquiring an additional 48,196 shares during the period. Cetera Investment Advisers increased its stake in Intuit by 8.4% during the first quarter. Cetera Investment Advisers now owns 3,227 shares of the software maker’s stock valued at $1,552,000 after acquiring an additional 249 shares during the period. Baird Financial Group Inc. grew its stake in shares of Intuit by 7.1% in the 1st quarter. Baird Financial Group Inc. now owns 53,691 shares of the software maker’s stock valued at $25,825,000 after purchasing an additional 3,576 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Intuit by 6.6% in the 1st quarter. Mackenzie Financial Corp now owns 34,207 shares of the software maker’s stock valued at $16,448,000 after purchasing an additional 2,127 shares during the period. 82.63% of the stock is currently owned by 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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