Intuit Inc. (NASDAQ:INTU) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $718.00.

Several equities analysts recently commented on the stock. Piper Sandler restated an "overweight" rating and issued a $785.00 price target (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. Mizuho boosted their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Redburn Atlantic began coverage on shares of Intuit in a report on Wednesday, February 19th. They set a "neutral" rating on the stock. Citigroup dropped their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th.

Intuit Stock Performance

INTU traded up $7.13 during trading on Friday, hitting $620.91. The stock had a trading volume of 1,603,525 shares, compared to its average volume of 1,530,011. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $173.58 billion, a price-to-earnings ratio of 60.28, a P/E/G ratio of 2.85 and a beta of 1.27. The company has a 50 day moving average price of $596.37 and a 200-day moving average price of $621.71. Intuit has a one year low of $553.24 and a one year high of $714.78.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio is 38.81%.

Insider Buying and Selling at Intuit

In other news, CEO Sasan K. Goodarzi sold 26,562 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the transaction, the chief executive officer now directly owns 37,869 shares in the company, valued at approximately $23,701,828.41. This represents a 41.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,896 shares of company stock worth $35,689,216 over the last quarter. Corporate insiders own 2.68% of the company's stock.

Institutional Investors Weigh In On Intuit

Several hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its stake in shares of Intuit by 83.2% during the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock valued at $371,984,000 after acquiring an additional 268,060 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in Intuit in the fourth quarter valued at $621,000. Beacon Investment Advisory Services Inc. raised its position in Intuit by 3.8% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker's stock worth $27,223,000 after purchasing an additional 1,602 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Intuit by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after buying an additional 3,648 shares during the period. Finally, Douglas Lane & Associates LLC grew its position in shares of Intuit by 109.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 24,666 shares of the software maker's stock valued at $15,502,000 after buying an additional 12,916 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

About Intuit

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 ProTax.