Intuit (INTU) : Outfitter Advisors Ltd. reduced its stake in Intuit by 1.48% during the most recent quarter end. The investment management company now holds a total of 61,302 shares of Intuit which is valued at $6,871,341 after selling 920 shares in Intuit , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Intuit makes up approximately 2.84% of Outfitter Advisors Ltd.’s portfolio.
Other Hedge Funds, Including , Earnest Partners reduced its stake in INTU by selling 106,206 shares or 11.19% in the most recent quarter. The Hedge Fund company now holds 842,701 shares of INTU which is valued at $94,458,355. Intuit makes up approx 0.92% of Earnest Partners’s portfolio.Canada Pension Plan Investment Board reduced its stake in INTU by selling 4,718 shares or 98.81% in the most recent quarter. The Hedge Fund company now holds 57 shares of INTU which is valued at $6,389. Trilogy Global Advisors Lp sold out all of its stake in INTU during the most recent quarter. The investment firm sold 111,243 shares of INTU which is valued $12,461,441.Commonwealth Equity Services Inc boosted its stake in INTU in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 9,934 shares of Intuit which is valued at $1,107,542. Intuit makes up approx 0.01% of Commonwealth Equity Services 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.