Amica Pension Fund Board of Trustees maintained its stake in Intuit Inc. (NASDAQ:INTU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,984 shares of the software maker’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Intuit were worth $1,622,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TLP Group LLC bought a new position in Intuit during the third quarter valued at approximately $125,000. Stanley Laman Group Ltd. bought a new position in Intuit during the third quarter valued at approximately $194,000. Miller Howard Investments Inc. NY bought a new position in Intuit during the first quarter valued at approximately $205,000. Mycio Wealth Partners LLC bought a new position in Intuit during the first quarter valued at approximately $213,000. Finally, Virtu Financial LLC bought a new position in Intuit during the first quarter valued at approximately $214,000. 85.77% of the stock is currently owned by institutional investors.
Intuit Inc. (NASDAQ:INTU) traded up 0.715% on Friday, hitting $126.045. The stock had a trading volume of 911,854 shares. Intuit Inc. has a 52-week low of $101.59 and a 52-week high of $128.45. The company has a market cap of $32.24 billion, a P/E ratio of 33.847 and a beta of 1.06. The firm’s 50-day moving average is $121.60 and its 200-day moving average is $118.47.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 23rd. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Intuit had a net margin of 20.59% and a return on equity of 82.77%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Intuit Inc. will post $4.34 earnings per share for the current fiscal year.
Several brokerages recently issued reports on INTU. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $127.00 target price (up previously from $124.00) on shares of Intuit in a research note on Monday, February 27th. Credit Suisse Group AG raised Intuit from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $109.00 to $140.00 in a research note on Friday, February 24th. Benchmark Co. began coverage on Intuit in a research note on Thursday, April 27th. They set a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Monday, February 13th. Finally, Barclays PLC restated an “equal weight” rating and set a $129.00 price target on shares of Intuit in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $209.17.
In other Intuit news, CEO Brad D. Smith sold 103,445 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $126.09, for a total value of $13,043,380.05. Following the completion of the transaction, the chief executive officer now directly owns 311,733 shares of the company’s stock, valued at approximately $39,306,413.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mark J. Flournoy sold 8,651 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $125.24, for a total transaction of $1,083,451.24. Following the completion of the sale, the vice president now owns 787 shares in the company, valued at approximately $98,563.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,709 shares of company stock valued at $14,817,623. 5.70% of the stock is owned by corporate insiders.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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