Intuit Inc. (NASDAQ:INTU) Shares Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,072 shares of the software maker’s stock after acquiring an additional 78 shares during the period. Leavell Investment Management Inc.’s holdings in Intuit were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of INTU. DiNuzzo Private Wealth Inc. bought a new position in Intuit during the 4th quarter worth approximately $25,000. West Branch Capital LLC boosted its stake in shares of Intuit by 79.2% during the 1st quarter. West Branch Capital LLC now owns 43 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after buying an additional 25 shares during the period. NewSquare Capital LLC acquired a new stake in shares of Intuit in the third quarter worth $25,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Intuit in the third quarter worth $26,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTU has been the subject of a number of research reports. Susquehanna lifted their price objective on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. UBS Group upped their price target on Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a report on Monday. Mizuho upped their price objective on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Barclays upped their price objective on Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, KeyCorp upped their price objective on Intuit from $720.00 to $740.00 and gave the company an “overweight” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $666.59.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock worth $3,117,156 over the last three months. Insiders own 2.90% of the company’s stock.

Intuit Stock Performance

Intuit stock traded down $8.01 during midday trading on Thursday, reaching $662.26. 1,873,374 shares of the company’s stock were exchanged, compared to its average volume of 1,209,936. Intuit Inc. has a 52 week low of $400.22 and a 52 week high of $676.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $185.43 billion, a price-to-earnings ratio of 67.58, a P/E/G ratio of 4.07 and a beta of 1.22. The stock’s 50-day simple moving average is $634.96 and its 200 day simple moving average is $619.94.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.12 by $1.76. The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $7.80 earnings per share. On average, analysts expect that Intuit Inc. will post 11.28 earnings per share for the current fiscal year.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.