Carnegie Capital Asset Management LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 49.8% during the 1st quarter, HoldingsChannel reports. The firm owned 1,422 shares of the software maker’s stock after purchasing an additional 473 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Intuit were worth $327,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of INTU. NEXT Financial Group Inc increased its stake in shares of Intuit by 3.0% in the 4th quarter. NEXT Financial Group Inc now owns 1,320 shares of the software maker’s stock valued at $346,000 after purchasing an additional 38 shares during the last quarter. RFG Advisory LLC bought a new stake in Intuit during the 4th quarter worth $303,000. Mckinley Capital Management LLC Delaware grew its position in Intuit by 0.9% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 6,478 shares of the software maker’s stock worth $1,697,000 after acquiring an additional 60 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC bought a new stake in Intuit during the 4th quarter worth $471,000. Finally, Valeo Financial Advisors LLC grew its position in Intuit by 134.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 331 shares of the software maker’s stock worth $87,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 86.39% of the company’s stock.
Shares of NASDAQ:INTU opened at $287.61 on Friday. The company has a market capitalization of $75.54 billion, a price-to-earnings ratio of 56.73, a P/E/G ratio of 3.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50-day moving average is $262.98 and its 200-day moving average is $266.23. Intuit Inc. has a 1 year low of $187.68 and a 1 year high of $306.89.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results 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). Intuit had a return on equity of 34.27% and a net margin of 19.50%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted $5.55 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Analysts anticipate that Intuit Inc. will post 5.85 EPS for the current year.
A number of equities research analysts recently weighed in on INTU shares. Guggenheim reiterated a “” rating and set a $320.00 price target (up previously from $300.00) on shares of Intuit in a research report on Friday. UBS Group boosted their price objective on Intuit from $285.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research report on Monday, April 13th. KeyCorp boosted their price objective on Intuit from $285.00 to $315.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Credit Suisse Group boosted their price objective on Intuit from $300.00 to $310.00 in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Intuit has an average rating of “Buy” and an average target price of $306.00.
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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