Barclays Has Just Reaffirmed $219 Target Price Per Share on Intuit (NASDAQ:INTU) stock, While They’ve Also Reiterated Their Equal-Weight Rating

September 8, 2018 - By Robert Shackelford

Intuit Inc. (NASDAQ:INTU) Logo

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.12, from 0.9 in 2017Q4. It fall, as 31 investors sold Intuit Inc. shares while 277 reduced holdings. 59 funds opened positions while 180 raised stakes. 219.45 million shares or 1.28% more from 216.67 million shares in 2017Q4 were reported.

897,673 were reported by Swiss Commercial Bank. Beacon Advisors Inc holds 794 shares. Middleton And Com Ma owns 24,673 shares or 0.77% of their US portfolio. Advisory Serv Network Limited Liability Company has invested 0.06% in Intuit Inc. (NASDAQ:INTU). Logan Mgmt Inc, Pennsylvania-based fund reported 13,978 shares. The Illinois-based North Star Investment Management Corporation has invested 0.03% in Intuit Inc. (NASDAQ:INTU). Fuller & Thaler Asset Mgmt owns 2,400 shares or 0% of their US portfolio. Wells Fargo & Mn reported 829,773 shares. Roberts Glore And Com Il reported 0.42% stake. Illinois-based Optimum Invest Advisors has invested 0.01% in Intuit Inc. (NASDAQ:INTU). Dynamic Advisor Solutions Ltd Company owns 0.28% invested in Intuit Inc. (NASDAQ:INTU) for 6,218 shares. Daiwa Sb owns 3,360 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 54,235 shares or 0.09% of the stock. Outfitter holds 3.54% or 44,635 shares. 65,000 are owned by Troy Asset Management Ltd.

Since March 7, 2018, it had 0 insider buys, and 13 selling transactions for $178.92 million activity. 9,292 shares valued at $2.03 million were sold by FLOURNOY MARK J on Thursday, August 30. COOK SCOTT D sold $20.81M worth of stock or 100,000 shares. 225,543 shares were sold by Wernikoff Daniel A, worth $44.32 million on Tuesday, May 29. POWELL DENNIS D had sold 4,554 shares worth $979,360.

Intuit (NASDAQ:INTU) Rating Reaffirmed

Barclays now has a $219 target price on shares of Intuit (NASDAQ:INTU). The target price means a potential downside of -0.60 % from the previous close of Intuit (NASDAQ:INTU). This rating was revealed in a report on 7 September.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Among 12 analysts covering Intuit (NASDAQ:INTU), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Intuit has $250 highest and $16000 lowest target. $216.75’s average target is -1.62% below currents $220.32 stock price. Intuit had 21 analyst reports since March 12, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, March 12 by Credit Suisse. The company was maintained on Wednesday, May 23 by JP Morgan. As per Wednesday, August 15, the company rating was maintained by Barclays Capital. The stock of Intuit Inc. (NASDAQ:INTU) earned “Outperform” rating by Credit Suisse on Friday, August 24. The firm earned “Buy” rating on Monday, June 11 by Bank of America. The firm has “Outperform” rating by Oppenheimer given on Friday, August 24. The firm has “Buy” rating given on Sunday, April 22 by Jefferies. Wells Fargo maintained Intuit Inc. (NASDAQ:INTU) rating on Monday, August 27. Wells Fargo has “Outperform” rating and $235 target. The stock has “Buy” rating by Stifel Nicolaus on Friday, August 24. The rating was maintained by JP Morgan on Thursday, April 26 with “Neutral”.

The stock increased 0.21% or $0.46 during the last trading session, reaching $220.32. About 1.46 million shares traded or 7.66% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 42.45% since September 8, 2017 and is uptrending. It has outperformed by 29.88% the S&P500.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on November, 19. They expect $-0.15 earnings per share, down 7.14 % or $0.01 from last year’s $-0.14 per share. After $0.04 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -475.00 % negative EPS growth.

Intuit Inc. provides financial management and compliance services and products for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company has market cap of $56.99 billion. The company??s Small Business segment provides small business payroll services and products, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies. It has a 47.48 P/E ratio. This segment also offers QuickBooks Online, and QuickBooks Self-Employed financial and business management offerings; QuickBooks Enterprise term licenses and QuickBooks technical support plans; small business payroll services, including QuickBooks Online Payroll, Intuit Online Payroll, QuickBooks Assisted Payroll, and Intuit Full Service Payroll; and payment processing services for small businesses.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Fool.com which released: “Tech Stocks This Week: Intuit’s New CEO, HP’s Earnings, and More” on August 25, 2018, also Seekingalpha.com with their article: “Intuit: Why Are Executives Leaving?” published on August 30, 2018, Nasdaq.com published: “3 Stocks on Our Radar” on August 22, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Fool.com and their article: “Earnings: 3 Hot Tech Stocks to Watch” published on August 15, 2018 as well as Nasdaq.com‘s news article titled: “3 Big Stock Charts for Monday: Kroger, Intuit and Capital One Financial” with publication date: August 20, 2018.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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