Mitsubishi Ufj Securities Holdings Ltd. buys $152,442 stake in Intuit (INTU)

Intuit (INTU) : Mitsubishi Ufj Securities Holdings Ltd. scooped up 840 additional shares in Intuit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,360 shares of Intuit which is valued at $152,442.Intuit makes up approximately 0.48% of Mitsubishi Ufj Securities Holdings Ltd.’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management reduced its stake in INTU by selling 4,023 shares or 6.59% in the most recent quarter. The Hedge Fund company now holds 57,013 shares of INTU which is valued at $6,390,587. Intuit makes up approx 0.19% of Zacks Investment Management’s portfolio.Miles Capital reduced its stake in INTU by selling 2,080 shares or 41.5% in the most recent quarter. The Hedge Fund company now holds 2,932 shares of INTU which is valued at $328,648. Intuit makes up approx 0.22% of Miles Capital’s portfolio.Saturna Capital Corp reduced its stake in INTU by selling 875 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 782,349 shares of INTU which is valued at $88,522,789. Intuit makes up approx 2.72% of Saturna Capital Corp’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in INTU by selling 500 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 54,071 shares of INTU which is valued at $5,938,618. Intuit makes up approx 0.13% of Oregon Public Employees Retirement Fund’s portfolio.Whittier Trust Co Of Nevada Inc boosted its stake in INTU in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 2,691 shares of Intuit which is valued at $298,674. Intuit makes up approx 0.03% of Whittier Trust Co Of Nevada Inc’s portfolio.

Intuit opened for trading at $111.28 and hit $112.35 on the upside on Thursday, eventually ending the session at $112.34, with a gain of 0.80% or 0.89 points. The heightened volatility saw the trading volume jump to 13,39,907 shares. Company has a market cap of $28,745 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. 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 .Company shares were Reiterated by RBC Capital Mkts on Aug 15, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 113 from a previous price target of $93 .

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.

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