Intuit (INTU) : Gavekal Capital scooped up 9,644 additional shares in Intuit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 80,446 shares of Intuit which is valued at $8,606,918.Intuit makes up approximately 2.94% of Gavekal Capital’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in INTU in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 408 shares of Intuit which is valued at $43,652. Intuit makes up approx 0.02% of Gemmer Asset Management’s portfolio.Legal General Group Plc boosted its stake in INTU in the latest quarter, The investment management firm added 21,491 additional shares and now holds a total of 1,170,742 shares of Intuit which is valued at $125,257,687. Intuit makes up approx 0.13% of Legal General Group Plc’s portfolio.Reilly Herbert Faulkner Iii boosted its stake in INTU in the latest quarter, The investment management firm added 848 additional shares and now holds a total of 40,830 shares of Intuit which is valued at $4,415,765. Intuit makes up approx 3.32% of Reilly Herbert Faulkner Iii’s portfolio.
Intuit opened for trading at $107.56 and hit $108.17 on the upside on Friday, eventually ending the session at $106.99, with a gain of 0.18% or 0.19 points. The heightened volatility saw the trading volume jump to 11,00,242 shares. Company has a market cap of $27,597 M.
On the company’s financial health, Intuit reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $-0.02. The company had revenue of $754.00 million for the quarter, compared to analysts expectations of $735.35 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.
Many Wall Street Analysts have commented on Intuit. Intuit was Downgraded by Morgan Stanley to ” Underweight” on Sep 13, 2016. Shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 108 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Aug 24, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .
Intuit Inc. is a provider of business and financial management solutions for small businesses consumers and accounting professionals. The Company operates through three segments: Small Business Consumer Tax and Professional Tax. The Company operates in the United States Canada India the United Kingdom Singapore and Australia among others. The Company’s Small Business segment solutions include QuickBooks Online Online Payroll solutions Online Payments solutions and Intuit Developer Group. The Company’s Small Business Desktop Ecosystem solutions include QuickBooks Desktop Payroll Solutions Desktop Payments solutions QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings electronic filing and other services and Intuit Tax Freedom Project. The Company’s professional tax offerings include Lacerte and ProSeries.