Intuit (INTU) : Godshalk Welsh Capital Management reduced its stake in Intuit by 3.94% during the most recent quarter end. The investment management company now holds a total of 14,645 shares of Intuit which is valued at $1,641,558 after selling 600 shares in Intuit , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Intuit makes up approximately 1.70% of Godshalk Welsh Capital Management’s portfolio.
Other Hedge Funds, Including , Jacobson Schmitt Advisors reduced its stake in INTU by selling 74 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 31,435 shares of INTU which is valued at $3,523,549. Intuit makes up approx 2.90% of Jacobson Schmitt Advisors’s portfolio.Addenda Capital boosted its stake in INTU in the latest quarter, The investment management firm added 692 additional shares and now holds a total of 39,382 shares of Intuit which is valued at $4,414,328. Intuit makes up approx 0.35% of Addenda Capital’s portfolio.Cadence Bank Na reduced its stake in INTU by selling 10 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 2,417 shares of INTU which is valued at $269,471. Intuit makes up approx 0.13% of Cadence Bank Na’s portfolio.Msi Financial Services Inc reduced its stake in INTU by selling 16 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 1,371 shares of INTU which is valued at $154,292. Intuit makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
Intuit opened for trading at $110.41 and hit $111.14 on the upside on Monday, eventually ending the session at $110.76, with a gain of 0.40% or 0.44 points. The heightened volatility saw the trading volume jump to 13,01,927 shares. Company has a market cap of $28,340 M.
On the company’s financial health, Intuit reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $-0.02. The company had revenue of $754.00 million for the quarter, compared to analysts expectations of $735.35 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.
Many Wall Street Analysts have commented on Intuit. Shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 108 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Aug 24, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .Company shares were Reiterated by RBC Capital Mkts on Aug 15, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 113 from a previous price target of $93 .
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.