Intuit (INTU) : Carderock Capital Management Inc reduced its stake in Intuit by 0.61% during the most recent quarter end. The investment management company now holds a total of 48,531 shares of Intuit which is valued at $4,903,572 after selling 297 shares in Intuit , the firm said in a disclosure report filed with the SEC on May 3, 2016.Intuit makes up approximately 2.56% of Carderock Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Bryn Mawr Trust Co reduced its stake in INTU by selling 10,422 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 124,604 shares of INTU which is valued at $12,589,988. Intuit makes up approx 0.81% of Bryn Mawr Trust Co’s portfolio.Commonwealth Equity Services Inc boosted its stake in INTU in the latest quarter, The investment management firm added 1,447 additional shares and now holds a total of 9,514 shares of Intuit which is valued at $959,867. Intuit makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio. Hl Financial Services added INTU to its portfolio by purchasing 2,028 company shares during the most recent quarter which is valued at $204,605.Cobiz Investment Management reduced its stake in INTU by selling 2,521 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 52,800 shares of INTU which is valued at $5,326,992. Intuit makes up approx 1.30% of Cobiz Investment Management’s portfolio.First Western Capital Management Co boosted its stake in INTU in the latest quarter, The investment management firm added 33,093 additional shares and now holds a total of 56,428 shares of Intuit which is valued at $5,774,277. Intuit makes up approx 2.02% of First Western Capital Management Co’s portfolio.
Intuit opened for trading at $102.2 and hit $102.85 on the upside on Tuesday, eventually ending the session at $102.8, with a gain of 1.11% or 1.13 points. The heightened volatility saw the trading volume jump to 7,31,934 shares. Company has a market cap of $26,401 M.
On the company’s financial health, Intuit reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.19. The company had revenue of $923.00 million for the quarter, compared to analysts expectations of $894.55 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Many Wall Street Analysts have commented on Intuit. Credit Suisse Initiated Intuit on Apr 21, 2016 to “Neutral”, Price Target of the shares are set at $100.Brean Capital Initiated Intuit on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $125.Company shares were Reiterated by RBC Capital Mkts on Feb 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 93 from a previous price target of $91 .
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.