Intuit (INTU) : Saturna Capital Corp reduced its stake in Intuit by 12.8% during the most recent quarter end. The investment management company now holds a total of 682,224 shares of Intuit which is valued at $75,051,462 after selling 100,125 shares in Intuit , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Intuit makes up approximately 2.51% of Saturna Capital Corp’s portfolio.
Other Hedge Funds, Including , Advantus Capital Management Inc reduced its stake in INTU by selling 842 shares or 3.33% in the most recent quarter. The Hedge Fund company now holds 24,438 shares of INTU which is valued at $2,688,424. Intuit makes up approx 0.08% of Advantus Capital Management Inc’s portfolio.Tiaa Cref Investment Management reduced its stake in INTU by selling 619,293 shares or 10.96% in the most recent quarter. The Hedge Fund company now holds 5,029,653 shares of INTU which is valued at $542,699,559. Intuit makes up approx 0.41% of Tiaa Cref Investment Management’s portfolio.Mirador Capital Partners Lp reduced its stake in INTU by selling 63 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 2,818 shares of INTU which is valued at $304,062. Intuit makes up approx 0.26% of Mirador Capital Partners Lp’s portfolio.Mckinley Carter Wealth Services reduced its stake in INTU by selling 188 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 5,148 shares of INTU which is valued at $555,469. Intuit makes up approx 0.29% of Mckinley Carter Wealth Services’s portfolio.Huntington National Bank boosted its stake in INTU in the latest quarter, The investment management firm added 32,277 additional shares and now holds a total of 32,480 shares of Intuit which is valued at $3,488,027. Intuit makes up approx 0.07% of Huntington National Bank’s portfolio.
Intuit opened for trading at $113.74 and hit $116.62 on the upside on Monday, eventually ending the session at $115.98, with a gain of 1.92% or 2.18 points. The heightened volatility saw the trading volume jump to 48,70,535 shares. Company has a market cap of $29,916 M.
On the company’s financial health, Intuit reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.03. The company had revenue of $778.00 million for the quarter, compared to analysts expectations of $754.36 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 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.