Intuit (INTU) : Schaper Benz Wise Investment Counsel Incwi scooped up 1,200 additional shares in Intuit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 28,815 shares of Intuit which is valued at $2,948,639.Intuit makes up approximately 0.54% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.
Intuit closed down -0.41 points or -0.39% at $103.51 with 10,27,311 shares getting traded on Wednesday. Post opening the session at $103.96, the shares hit an intraday low of $102.575 and an intraday high of $104.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in INTU in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 5,372 shares of Intuit which is valued at $549,717. Intuit makes up approx 0.15% of Advisory Services Network’s portfolio.First Quadrant L Pca reduced its stake in INTU by selling 904 shares or 88.8% in the most recent quarter. The Hedge Fund company now holds 114 shares of INTU which is valued at $11,666.Davis R M Inc boosted its stake in INTU in the latest quarter, The investment management firm added 27,958 additional shares and now holds a total of 216,399 shares of Intuit which is valued at $22,144,110. Intuit makes up approx 1.11% of Davis R M Inc’s portfolio.Creative Planning boosted its stake in INTU in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 9,230 shares of Intuit which is valued at $947,183. Intuit makes up approx 0.01% of Creative Planning’s portfolio.Partnerre Asset Management Corp reduced its stake in INTU by selling 100 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 1,758 shares of INTU which is valued at $180,406. Intuit makes up approx 0.10% of Partnerre Asset Management Corp’s portfolio.
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.