Intuit Inc. (NASDAQ:INTU) Shares Bought by Stonebrook Private Inc.

Stonebrook Private Inc. grew its stake in Intuit Inc. (NASDAQ:INTU) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 384 shares of the software maker’s stock after acquiring an additional 43 shares during the quarter. Stonebrook Private Inc.’s holdings in Intuit were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. LGT Financial Advisors LLC purchased a new stake in shares of Intuit in the second quarter valued at about $25,000. Cultivar Capital Inc. acquired a new position in Intuit in the 2nd quarter valued at about $26,000. Fairway Wealth LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intuit during the 3rd quarter worth approximately $27,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Intuit during the 2nd quarter valued at approximately $35,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 775 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total transaction of $466,015.25. Following the completion of the sale, the chief financial officer now owns 4,451 shares in the company, valued at $2,676,430.81. The trade was a 14.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock valued at $35,220,046 over the last quarter. 2.90% of the stock is owned by insiders.

Intuit Stock Performance

Shares of Intuit stock opened at $640.12 on Friday. The business has a 50-day simple moving average of $634.81 and a 200-day simple moving average of $631.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market cap of $179.31 billion, a PE ratio of 62.15, a P/E/G ratio of 3.32 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.28%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Intuit Inc. will post 14.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTU. Stifel Nicolaus lowered their price objective on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a report on Friday. Bank of America boosted their price objective on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $737.44.

About Intuit

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.