ETRADE Capital Management LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 17.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,272 shares of the software maker’s stock after purchasing an additional 1,409 shares during the period. ETRADE Capital Management LLC’s holdings in Intuit were worth $2,133,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of INTU. Norges Bank acquired a new stake in shares of Intuit in the 4th quarter valued at $610,762,000. Private Advisor Group LLC raised its holdings in shares of Intuit by 100.8% in the fourth quarter. Private Advisor Group LLC now owns 11,928 shares of the software maker’s stock valued at $3,124,000 after buying an additional 1,451,166 shares during the last quarter. Sands Capital Management LLC raised its holdings in shares of Intuit by 53.3% in the fourth quarter. Sands Capital Management LLC now owns 3,400,292 shares of the software maker’s stock valued at $890,638,000 after buying an additional 1,181,976 shares during the last quarter. Findlay Park Partners LLP raised its holdings in shares of Intuit by 253.5% in the fourth quarter. Findlay Park Partners LLP now owns 1,406,788 shares of the software maker’s stock valued at $368,480,000 after buying an additional 1,008,788 shares during the last quarter. Finally, Edgewood Management LLC raised its holdings in shares of Intuit by 21.2% in the fourth quarter. Edgewood Management LLC now owns 4,914,250 shares of the software maker’s stock valued at $1,287,190,000 after buying an additional 860,132 shares during the last quarter. Institutional investors own 86.39% of the company’s stock.
Shares of INTU stock opened at $290.00 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market cap of $75.67 billion, a PE ratio of 46.93, a price-to-earnings-growth ratio of 3.90 and a beta of 1.05. The stock has a 50-day moving average of $261.78 and a 200-day moving average of $266.07. Intuit Inc. has a one year low of $187.68 and a one year high of $306.89.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 21st. The software maker reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.60 by ($0.11). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3 billion. Intuit had a net margin of 22.89% and a return on equity of 41.03%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company earned $5.55 earnings per share. As a group, research analysts anticipate that Intuit Inc. will post 5.85 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Cfra cut Intuit from a “hold” rating to a “sell” rating in a report on Monday, April 6th. Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a report on Monday, April 13th. Barclays lifted their price target on Intuit from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Morgan Stanley lifted their price target on Intuit from $277.00 to $290.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Guggenheim boosted their price objective on Intuit from $320.00 to $330.00 in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $304.61.
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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