Intuit (INTU) : Umb Bank N Amo scooped up 3,582 additional shares in Intuit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 113,809 shares of Intuit which is valued at $12,808,065.Intuit makes up approximately 0.53% of Umb Bank N Amo’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in INTU by selling 70 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 170,678 shares of INTU which is valued at $19,208,102. Intuit makes up approx 0.11% of Retirement Systems Of Alabama’s portfolio.Hartford Investment Management Co reduced its stake in INTU by selling 4,333 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 73,452 shares of INTU which is valued at $8,377,935. Intuit makes up approx 0.17% of Hartford Investment Management Co’s portfolio.Davenport Co reduced its stake in INTU by selling 849 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 233,146 shares of INTU which is valued at $27,026,284. Intuit makes up approx 0.40% of Davenport Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in INTU in the latest quarter, The investment management firm added 3,702 additional shares and now holds a total of 66,232 shares of Intuit which is valued at $7,648,471. Intuit makes up approx 0.16% of Exxonmobil Investment Management Inc Tx’s portfolio.Washington Trust Bank boosted its stake in INTU in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 784 shares of Intuit which is valued at $90,536. Intuit makes up approx 0.02% of Washington Trust Bank’s portfolio.
Intuit closed down -1.05 points or -0.94% at $110.99 with 30,62,495 shares getting traded on Friday. Post opening the session at $112.22, the shares hit an intraday low of $110.39 and an intraday high of $112.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 116 from a previous price target of $110 .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.
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.