Nordwand Advisors LLC bought a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 286 shares of the software maker’s stock, valued at approximately $226,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Tortoise Investment Management LLC grew its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its holdings in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. Dogwood Wealth Management LLC grew its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its position in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new stake in Intuit during the second quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Stock Performance
Intuit stock opened at $649.73 on Wednesday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $181.15 billion, a price-to-earnings ratio of 47.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The firm’s fifty day moving average price is $666.53 and its 200 day moving average price is $707.46.
Analyst Ratings Changes
Several research analysts recently commented on INTU shares. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. UBS Group cut their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $795.91.
View Our Latest Research Report on Intuit
Insider Buying and Selling at Intuit
In other news, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last 90 days. 2.68% of the stock is owned by corporate insiders.
Intuit Profile
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.
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