Intuit (INTU) : Pensionfund Dsm Netherlands added new position in Intuit during the most recent quarter end. The investment management firm now holds 37,000 shares of Intuit which is valued at $4,171,380 , the company said in a statement filed on Jul 5, 2016 with the SEC.Intuit makes up approximately 0.56% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including ,
Intuit opened for trading at $116.05 and hit $116.399 on the upside on Monday, eventually ending the session at $115.63, with a gain of 0.13% or 0.15 points. The heightened volatility saw the trading volume jump to 15,35,873 shares. Company has a market cap of $29,586 M.
On the company’s financial health, Intuit reported $3.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on May 24, 2016. Analyst had a consensus of $3.21. The company had revenue of $2304.00 million for the quarter, compared to analysts expectations of $2254.62 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS.
Many Wall Street Analysts have commented on Intuit. Company shares were Reiterated by UBS on May 25, 2016 to “Buy”, Firm has raised the Price Target to $ 134 from a previous price target of $125 .Goldman Initiated Intuit on May 23, 2016 to “Buy”, Price Target of the shares are set at $117.Credit Suisse Initiated Intuit on Apr 21, 2016 to “Neutral”, Price Target of the shares are set at $100.
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.