Intuit Inc. (NASDAQ:INTU) Given Average Rating of "Moderate Buy" by Analysts

Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $735.71.

A number of brokerages have commented on INTU. BMO Capital Markets upped their price objective on Intuit from $700.00 to $760.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Citigroup upped their target price on Intuit from $727.00 to $750.00 and gave the company a "buy" rating in a research report on Friday, June 28th. Jefferies Financial Group upped their target price on Intuit from $770.00 to $790.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Piper Sandler reiterated an "overweight" rating and set a $768.00 target price on shares of Intuit in a research report on Friday, September 27th. Finally, Stifel Nicolaus upped their target price on Intuit from $690.00 to $795.00 and gave the company a "buy" rating in a research report on Friday, August 23rd.

Intuit Stock Performance

Shares of INTU stock traded up $6.86 during trading on Friday, reaching $610.67. 1,220,267 shares of the company's stock were exchanged, compared to its average volume of 1,330,014. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm's fifty day moving average price is $632.84 and its 200-day moving average price is $629.49. Intuit has a twelve month low of $473.56 and a twelve month high of $676.62. The stock has a market capitalization of $170.71 billion, a PE ratio of 56.33, a PEG ratio of 3.13 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Intuit will post 14.07 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 10th will be given a $1.04 dividend. The ex-dividend date is Thursday, October 10th. This is an increase from Intuit's previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 0.68%. Intuit's dividend payout ratio (DPR) is currently 38.38%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Eve B. Burton sold 2,988 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the completion of the sale, the chief financial officer now owns 4,451 shares of the company's stock, valued at approximately $2,676,430.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eve B. Burton sold 2,988 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $649.87, for a total value of $1,941,811.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,297 shares of company stock worth $32,750,926. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in INTU. LGT Financial Advisors LLC acquired a new stake in Intuit during the second quarter worth approximately $25,000. Cultivar Capital Inc. bought a new stake in shares of Intuit during the second quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in shares of Intuit during the second quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in shares of Intuit during the second quarter valued at approximately $35,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Intuit during the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 83.66% of the company's stock.

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 ProTax.