MainStreet Investment Advisors LLC purchased a new position in Intuit Inc. (NASDAQ:INTU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,896 shares of the software maker’s stock, valued at approximately $436,000.
Other large investors also recently modified their holdings of the company. Atlas Private Wealth Management bought a new position in shares of Intuit in the 4th quarter worth $26,000. Laurel Wealth Advisors LLC increased its holdings in shares of Intuit by 50.0% in the 1st quarter. Laurel Wealth Advisors LLC now owns 120 shares of the software maker’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Virtus ETF Advisers LLC bought a new position in shares of Intuit in the 4th quarter worth $31,000. Cognios Capital LLC bought a new position in shares of Intuit in the 1st quarter worth $32,000. Finally, Ameritas Investment Company LLC increased its holdings in shares of Intuit by 958.3% in the 4th quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock worth $33,000 after buying an additional 115 shares during the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.
Intuit stock traded down $2.39 during trading hours on Friday, reaching $287.61. The stock had a trading volume of 1,738,172 shares, compared to its average volume of 1,095,271. The stock has a market cap of $75.54 billion, a PE ratio of 56.73, a PEG ratio of 3.89 and a beta of 1.05. Intuit Inc. has a 52 week low of $187.68 and a 52 week high of $306.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 1.67. The company has a fifty day simple moving average of $262.98 and a 200-day simple moving average of $266.23.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 21st. The software maker reported $4.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.60 by ($0.11). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3 billion. Intuit had a return on equity of 34.27% and a net margin of 19.50%. Intuit’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the business earned $5.55 EPS. Research analysts predict that Intuit Inc. will post 5.85 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Intuit from $285.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. BidaskClub raised shares of Intuit from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. Barclays increased their target price on shares of Intuit from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Zacks Investment Research raised shares of 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. Finally, Morgan Stanley increased their target price on shares of Intuit from $277.00 to $290.00 and gave the company an “equal weight” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $306.00.
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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