Nvwm LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 200 shares of the software maker’s stock, valued at approximately $46,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlas Private Wealth Management bought a new stake in Intuit in the 4th quarter valued at about $26,000. Virtus ETF Advisers LLC bought a new stake in Intuit in the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC boosted its holdings in Intuit by 50.0% in the 1st quarter. Laurel Wealth Advisors LLC now owns 120 shares of the software maker’s stock valued at $28,000 after purchasing an additional 40 shares during the period. Ameritas Investment Company LLC boosted its holdings in Intuit by 958.3% in the 4th quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Intuit in the 4th quarter valued at about $35,000. 86.39% of the stock is owned by hedge funds and other institutional investors.
NASDAQ INTU traded down $7.18 on Friday, hitting $282.82. The company’s stock had a trading volume of 354,993 shares, compared to its average volume of 1,092,816. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.10. Intuit Inc. has a 1-year low of $187.68 and a 1-year high of $306.89. The company’s 50-day moving average is $261.78 and its 200 day moving average is $266.07. The firm has a market cap of $75.67 billion, a PE ratio of 45.51, a PEG ratio of 3.90 and a beta of 1.05.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $4.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.60 by ($0.11). Intuit had a return on equity of 41.03% and a net margin of 22.89%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company earned $5.55 earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts expect that Intuit Inc. will post 5.85 EPS for the current year.
A number of analysts have recently weighed in on INTU shares. Bank of America upped their price target on shares of Intuit from $303.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group upped their price target on shares of Intuit from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Friday. Mizuho upped their price target on shares of Intuit from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus cut their price target on shares of Intuit from $315.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Cfra downgraded shares of Intuit from a “hold” rating to a “sell” rating in a report on Monday, April 6th. Two investment 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 stock. The stock presently has a consensus rating of “Buy” and a consensus 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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