For the stock, price target value has been calculated at $112.88 based on calls of 16 experts. The pressure on these managers can lead to massive volatility in stocks and can hurt the individual investor who happens to be on the other side of a given trade. The stock had a trading volume of 1.5 M shares. Intuit makes up approx 0.72% of Tokio Marine Asset Management Co Ltd’s portfolio.
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General Motors Company (NYSE:GM) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 0.09% to 31.90 with around 10.94 Million shares have changed hands in this session. Intuit has been the topic of 25 analyst reports since August 26, 2015 according to StockzIntelligence Inc. During the last trade, stock’s minimum price has been reached out at $114.00 while the maximum trading price moved at $112.50.
Also, the company authorized an additional share repurchase program of $2 billion during fiscal 2016. (NASDAQ:INTU) share price closed at $113.84.
CEO Brad Smith called it a “strong year from start to finish”, and noted that subscribers to the company’s “Quickbooks Online” business rose by more than 1.5 million users. The firm has a market cap of $29.13 billion and a PE ratio of 29.74.
Intuit (INTU): The highest level Intuit (INTU) is projected to reach is $134 for the short term and the lowest estimate is at $113.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 23rd. Analysts expected a loss of $0.02. “Total QuickBooks Online subscribers grew to more than 1.5 million, and small business online ecosystem revenue grew 25% for the year”. Analyst had a consensus of $3.21. This number excludes three cents from non-recurring items. Barclays PLC downgraded shares of Intuit from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $110.00 to $116.00 in a report on Friday, July 15th. The mean price target is calculated keeping in view the consensus of 16 brokerage firms. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a research note on Wednesday, April 27th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock.
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It can be explained as the deviation between the bullish and bearish price target as given by analysts. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 18.99%. The stock was sold at an average price of $107.31, for a total value of $1,079,109.36. Calvert Investment Management Inc. now owns 11,307 shares of the company’s stock worth $1,091,000 after buying an additional 1,605 shares during the last quarter. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Henry Tayloe Stansbury sold 5,575 shares of the business’s stock in a transaction dated Thursday, May 26th.
