Intuit (NASDAQ:INTU) Given Rating by Guggenheim Analysts

Guggenheim restated their rating on shares of Intuit (NASDAQ:INTU) in a research note released on Friday, The Fly reports. They currently have $320.00 price target on the software maker’s stock, up from $300.00.

A number of other equities research analysts have also recently issued reports on the company. Mizuho boosted their price objective on Intuit from $280.00 to $330.00 and gave the company a buy rating in a research note on Friday. Credit Suisse Group boosted their price objective on Intuit from $300.00 to $310.00 in a research note on Tuesday, February 25th. Barclays boosted their price objective on Intuit from $295.00 to $300.00 and gave the company an equal weight rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their price objective on Intuit from $277.00 to $290.00 and gave the company an equal weight rating in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on Intuit from $315.00 to $300.00 and set a buy rating on the stock in a research report on Friday, May 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Intuit has an average rating of Buy and a consensus price target of $306.00.

Shares of NASDAQ:INTU traded down $2.39 during midday trading on Friday, reaching $287.61. The company had a trading volume of 1,738,172 shares, compared to its average volume of 1,095,271. The company’s 50 day moving average price is $262.98 and its 200 day moving average price is $266.23. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10. The stock has a market cap of $75.54 billion, a P/E ratio of 56.73, a P/E/G ratio of 3.89 and a beta of 1.05. Intuit has a 52-week low of $187.68 and a 52-week high of $306.89.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $4.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.60 by ($0.11). Intuit had a net margin of 19.50% and a return on equity of 34.27%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm posted $5.55 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. Research analysts forecast that Intuit will post 5.85 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Atlas Private Wealth Management bought a new position in shares of Intuit in the fourth quarter worth approximately $26,000. Laurel Wealth Advisors LLC boosted its stake in Intuit by 50.0% in the first quarter. Laurel Wealth Advisors LLC now owns 120 shares of the software maker’s stock worth $28,000 after buying an additional 40 shares in the last quarter. Virtus ETF Advisers LLC purchased a new stake in Intuit in the fourth quarter worth approximately $31,000. Cognios Capital LLC purchased a new stake in Intuit in the first quarter worth approximately $32,000. Finally, Ameritas Investment Company LLC boosted its stake in Intuit by 958.3% in the fourth quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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The Fly

Analyst Recommendations for Intuit (NASDAQ:INTU)

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