STF Management LP Has $2.51 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

STF Management LP lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,039 shares of the software maker’s stock after selling 460 shares during the quarter. Intuit accounts for approximately 1.1% of STF Management LP’s investment portfolio, making the stock its 23rd biggest position. STF Management LP’s holdings in Intuit were worth $2,508,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INTU. LGT Financial Advisors LLC acquired a new position in Intuit during the second quarter worth about $25,000. Cultivar Capital Inc. acquired a new position in Intuit during the 2nd quarter worth approximately $26,000. Fairway Wealth LLC bought a new position in Intuit in the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Intuit in the third quarter valued at approximately $27,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Intuit in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on INTU shares. JPMorgan Chase & Co. increased their price target on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Susquehanna restated a “positive” rating and set a $757.00 price target on shares of Intuit in a report on Friday, August 16th. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Finally, Scotiabank started coverage on shares of Intuit in a research report on Monday. They set a “sector perform” rating and a $700.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $736.89.

Intuit Trading Up 4.4 %

NASDAQ INTU opened at $679.40 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52 week low of $557.29 and a 52 week high of $714.78. The business has a 50 day moving average price of $635.12 and a 200-day moving average price of $631.23. The company has a market cap of $190.31 billion, a price-to-earnings ratio of 65.01, a P/E/G ratio of 3.15 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. As a group, equities analysts expect that Intuit Inc. will post 14.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eve B. Burton sold 2,988 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 862 shares of Intuit stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total transaction of $535,327.86. Following the completion of the sale, the chief financial officer now directly owns 3,840 shares in the company, valued at $2,384,755.20. This trade represents a 18.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,297 shares of company stock valued at $35,220,046 in the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.