Quilter Plc Sells 1,922 Shares of Intuit Inc. $INTU

Quilter Plc trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,592 shares of the software maker’s stock after selling 1,922 shares during the period. Intuit accounts for about 2.5% of Quilter Plc’s investment portfolio, making the stock its 13th largest position. Quilter Plc’s holdings in Intuit were worth $134,363,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC lifted its stake in shares of Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the period. Weaver Capital Management LLC lifted its position in Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after acquiring an additional 14 shares during the last quarter. May Hill Capital LLC boosted its holdings in Intuit by 4.2% during the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after acquiring an additional 14 shares during the period. Finally, Peloton Wealth Strategists grew its position in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ:INTU opened at $650.62 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a 50-day moving average of $666.42 and a 200-day moving average of $707.07. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a market capitalization of $181.40 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 earnings per share. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTU. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Oppenheimer increased their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a report on Tuesday. One 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 company’s stock. According to data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $799.35.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last 90 days. 2.68% of the stock is owned by company insiders.

Intuit Company 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.