Blair William & Co. IL increased its stake in Intuit Inc. (NASDAQ:INTU) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 421,459 shares of the software maker’s stock after buying an additional 4,811 shares during the quarter. Blair William & Co. IL owned about 0.16% of Intuit worth $96,936,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of INTU. Norges Bank purchased a new position in Intuit in the fourth quarter valued at about $610,762,000. Private Advisor Group LLC boosted its holdings in Intuit by 100.8% in the fourth quarter. Private Advisor Group LLC now owns 11,928 shares of the software maker’s stock valued at $3,124,000 after purchasing an additional 1,451,166 shares during the last quarter. Sands Capital Management LLC boosted its holdings in Intuit by 53.3% in the fourth quarter. Sands Capital Management LLC now owns 3,400,292 shares of the software maker’s stock valued at $890,638,000 after purchasing an additional 1,181,976 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in Intuit by 253.5% in the fourth quarter. Findlay Park Partners LLP now owns 1,406,788 shares of the software maker’s stock valued at $368,480,000 after purchasing an additional 1,008,788 shares during the last quarter. Finally, Edgewood Management LLC boosted its holdings in Intuit by 21.2% in the fourth quarter. Edgewood Management LLC now owns 4,914,250 shares of the software maker’s stock valued at $1,287,190,000 after purchasing an additional 860,132 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.
INTU traded down $2.39 during trading hours on Friday, hitting $287.61. The company’s stock had a trading volume of 1,738,172 shares, compared to its average volume of 1,095,271. Intuit Inc. has a fifty-two week low of $187.68 and a fifty-two week high of $306.89. 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 firm has a market capitalization of $75.54 billion, a PE ratio of 56.73, a PEG ratio of 3.89 and a beta of 1.05. The company has a 50-day simple moving average of $262.98 and a 200 day simple moving average of $266.23.
Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, May 21st. The software maker reported $4.49 EPS for the quarter, missing the 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the business earned $5.55 earnings per share. The firm’s revenue was down 8.3% compared to the same quarter last year. Research analysts expect that Intuit Inc. will post 5.85 earnings per share for the current fiscal year.
A number of brokerages recently commented on INTU. Cfra downgraded Intuit from a “hold” rating to a “sell” rating in a report on Monday, April 6th. Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Monday, April 13th. Credit Suisse Group increased their target price on Intuit from $300.00 to $310.00 in a report on Tuesday, February 25th. BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Guggenheim reiterated a “” rating and set a $320.00 price target (up previously from $300.00) on shares of Intuit in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $306.00.
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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