Amica Retiree Medical Trust 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 2,018 shares of the software maker’s stock at the end of the first quarter. Amica Retiree Medical Trust’s holdings in Intuit were worth $234,000 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 acquired a new stake in shares of Intuit during the first quarter valued at about $205,000. Mycio Wealth Partners LLC acquired a new stake in shares of Intuit during the first quarter valued at about $213,000. Finally, Virtu Financial LLC acquired a new stake in shares of Intuit during the first quarter valued at about $214,000. 85.77% of the stock is currently owned by institutional investors.
Shares of Intuit Inc. (NASDAQ:INTU) traded up 0.715% on Friday, reaching $126.045. The company had a trading volume of 911,854 shares. Intuit Inc. has a 12 month low of $101.59 and a 12 month high of $128.45. The firm has a market capitalization of $32.24 billion, a PE 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 results on Thursday, February 23rd. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Intuit had a net margin of 20.59% and a return on equity of 82.77%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Intuit Inc. will post $4.34 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on INTU. Barclays PLC reissued an “equal weight” rating and set a $129.00 target price on shares of Intuit in a research note on Monday, April 3rd. Benchmark Co. began coverage on Intuit in a report on Thursday, April 27th. They set a “buy” rating and a $140.00 price target for the company. Royal Bank of Canada raised their price target on Intuit from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, February 24th. Credit Suisse Group AG upgraded Intuit from a “neutral” rating to an “outperform” rating and raised their price target for the company from $109.00 to $140.00 in a report on Friday, February 24th. Finally, Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $209.17.
In related news, EVP Henry Tayloe Stansbury sold 3,742 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $125.23, for a total transaction of $468,610.66. Following the sale, the executive vice president now owns 4,412 shares in the company, valued at $552,514.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark J. Flournoy sold 8,651 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $125.24, for a total transaction of $1,083,451.24. Following the completion of the transaction, the vice president now owns 787 shares of the company’s stock, valued at approximately $98,563.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,709 shares of company stock valued at $14,817,623. 5.70% of the stock is currently owned by corporate insiders.
Intuit Company Profile
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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