Integrated Investment Consultants LLC Buys 143 Shares of Intuit Inc. (NASDAQ:INTU)

Integrated Investment Consultants LLC lifted its stake in Intuit Inc. (NASDAQ:INTU) by 15.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,066 shares of the software maker’s stock after purchasing an additional 143 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Intuit were worth $662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC bought a new position in shares of Intuit in the 2nd quarter valued at $25,000. Cultivar Capital Inc. acquired a new stake in shares of Intuit in the 2nd quarter valued at about $26,000. Fairway Wealth LLC bought a new position in Intuit in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new position in Intuit in the 3rd quarter valued at about $27,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Intuit during the 2nd quarter worth approximately $35,000. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on INTU. BMO Capital Markets lifted their price objective on shares of Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. boosted their price target on shares of Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Jefferies Financial Group upped their target price on shares of Intuit from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays lifted their price target on shares of Intuit from $740.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Susquehanna restated a “positive” rating and set a $757.00 price objective on shares of Intuit in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $737.06.

Insider Activity

In related news, EVP Kerry J. Mclean sold 11,079 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $631.61, for a total transaction of $6,997,607.19. Following the completion of the transaction, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $15,752,985.01. This trade represents a 30.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 2,941 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the transaction, the executive vice president now owns 20 shares of the company’s stock, valued at approximately $12,575.20. The trade was a 99.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock valued at $35,220,046 over the last 90 days. 2.90% of the stock is owned by company insiders.

Intuit Trading Up 4.4 %

NASDAQ:INTU opened at $679.40 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The stock’s 50-day moving average is $635.12 and its two-hundred day moving average is $631.23. The stock has a market cap of $190.31 billion, a PE ratio of 65.01, a price-to-earnings-growth ratio of 3.15 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Intuit Inc. will post 14.05 earnings per share for the current fiscal year.

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.