Intuit Inc. (NASDAQ:INTU) Shares Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,033 shares of the software maker’s stock after purchasing an additional 26 shares during the quarter. Intuit makes up 1.4% of North Star Asset Management Inc.’s portfolio, making the stock its 18th biggest holding. North Star Asset Management Inc.’s holdings in Intuit were worth $31,446,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Intuit by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker’s stock valued at $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Intuit by 10.2% in the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker’s stock valued at $13,906,000 after purchasing an additional 2,055 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in Intuit during the fourth quarter valued at about $109,988,000. Factory Mutual Insurance Co. purchased a new stake in Intuit during the fourth quarter valued at about $33,248,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Intuit by 7.0% in the 4th quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker’s stock worth $4,821,000 after purchasing an additional 501 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the sale, the director now owns 8 shares of the company’s stock, valued at $4,800. This trade represents a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Intuit stock opened at $720.13 on Friday. The stock’s 50 day moving average price is $616.76 and its 200 day moving average price is $621.21. The firm has a market capitalization of $201.32 billion, a PE ratio of 69.92, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a one year low of $532.65 and a one year high of $734.18.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.89 by $0.76. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the company posted $9.88 EPS. Intuit’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America boosted their target price on Intuit from $730.00 to $875.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their target price on Intuit from $642.00 to $742.00 and gave the stock an “outperform” rating in a report on Friday. Hsbc Global Res upgraded Intuit from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. HSBC upgraded Intuit from a “hold” rating to a “buy” rating and set a $699.00 target price for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI boosted their target price on Intuit from $685.00 to $785.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $785.33.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.