Blair William & Co. IL lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 421,459 shares of the software maker’s stock after purchasing an additional 4,811 shares during the period. Blair William & Co. IL’s holdings in Intuit were worth $96,936,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Atlas Private Wealth Management bought a new position in shares of Intuit in the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC increased its stake in shares of Intuit by 50.0% in the first quarter. Laurel Wealth Advisors LLC now owns 120 shares of the software maker’s stock worth $28,000 after purchasing an additional 40 shares during the period. Virtus ETF Advisers LLC bought a new position in shares of Intuit in the fourth quarter worth about $31,000. Cognios Capital LLC bought a new position in shares of Intuit in the first quarter worth about $32,000. Finally, Ameritas Investment Company LLC increased its stake in shares of Intuit by 958.3% in the fourth quarter. Ameritas Investment Company LLC now owns 127 shares of the software maker’s stock worth $33,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.
INTU has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Intuit from $270.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group boosted their price target on Intuit from $285.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research note on Monday, April 13th. Barclays boosted their price target on Intuit from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, Citigroup boosted their price target on Intuit from $272.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $306.00.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.60 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3 billion. Intuit had a net margin of 19.50% and a return on equity of 34.27%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.55 earnings per share. Equities research analysts expect that Intuit Inc. will post 5.85 EPS for the current fiscal year.
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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