Intuit Inc. (NASDAQ:INTU) – Equities research analysts at Oppenheimer lowered their Q2 2018 EPS estimates for Intuit in a report released on Sunday, according to Zacks Investment Research. Oppenheimer analyst S. Schneeberger now expects that the software maker will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.09. Oppenheimer has a “Outperform” rating and a $181.00 price objective on the stock. Oppenheimer also issued estimates for Intuit’s Q3 2018 earnings at $4.38 EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at $4.26 EPS.
A number of other equities analysts have also commented on INTU. Deutsche Bank lifted their price target on shares of Intuit from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Barclays boosted their target price on shares of Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Bank of America boosted their target price on shares of Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $148.00 target price on shares of Intuit in a report on Tuesday, November 21st. Finally, UBS Group boosted their target price on shares of Intuit from $152.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $161.53.
Shares of Intuit (INTU) traded down $0.25 during trading hours on Wednesday, hitting $173.32. 1,460,400 shares of the stock were exchanged, compared to its average volume of 1,273,918. The firm has a market capitalization of $44,373.16, a price-to-earnings ratio of 45.97, a PEG ratio of 2.94 and a beta of 1.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a 52 week low of $114.80 and a 52 week high of $177.43.
Several large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in shares of Intuit by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,290 shares of the software maker’s stock worth $1,366,000 after acquiring an additional 105 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Intuit by 1.0% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Intuit by 11.9% during the fourth quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock worth $484,000 after acquiring an additional 326 shares in the last quarter. Cedar Capital LLC increased its position in shares of Intuit by 18.9% during the third quarter. Cedar Capital LLC now owns 2,142 shares of the software maker’s stock worth $304,000 after acquiring an additional 341 shares in the last quarter. Finally, Koch Industries Inc. increased its position in shares of Intuit by 16.0% during the fourth quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock worth $400,000 after acquiring an additional 349 shares in the last quarter. 86.76% of the stock is owned by institutional investors.
In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction on Friday, November 24th. The shares were sold at an average price of $151.46, for a total value of $27,767,767.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott D. Cook sold 112,731 shares of Intuit stock in a transaction on Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 687,595 shares of company stock valued at $107,334,732. Insiders own 5.59% of the company’s stock.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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