Intuit (NASDAQ:INTU) Issues Earnings Results

Intuit (NASDAQ:INTU) issued its quarterly earnings data on Tuesday. The software maker reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by ($0.51), Zacks reports. Intuit had a return on equity of 18.25% and a net margin of 17.59%.

Intuit Trading Down 2.0 %

Shares of Intuit stock traded down $11.61 on Tuesday, hitting $555.63. 2,941,713 shares of the company traded hands, compared to its average volume of 1,785,266. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $155.53 billion, a PE ratio of 53.94, a PEG ratio of 2.85 and a beta of 1.24. The stock’s 50 day moving average price is $610.15 and its 200-day moving average price is $628.07. Intuit has a 52 week low of $553.24 and a 52 week high of $714.78.

Insider Buying and Selling

In other news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark P. Notarainni sold 3,649 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $646.68, for a total value of $2,359,735.32. Following the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $12,286.92. This represents a 99.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,014 shares of company stock valued at $140,855,687 over the last quarter. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

INTU has been the topic of a number of recent research reports. Oppenheimer upped their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Scotiabank assumed coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $726.71.

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.