AustralianSuper Pty Ltd grew its stake in Intuit Inc. (NASDAQ:INTU) by 114.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 79,400 shares of the software maker’s stock after acquiring an additional 42,400 shares during the period. AustralianSuper Pty Ltd’s holdings in Intuit were worth $18,056,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. AXA raised its stake in shares of Intuit by 26.9% in the 3rd quarter. AXA now owns 258,720 shares of the software maker’s stock valued at $58,833,000 after acquiring an additional 54,916 shares during the period. Keybank National Association OH raised its stake in shares of Intuit by 1.4% in the 3rd quarter. Keybank National Association OH now owns 197,301 shares of the software maker’s stock valued at $44,866,000 after acquiring an additional 2,771 shares during the period. Cedar Capital LLC raised its stake in shares of Intuit by 37.7% in the 3rd quarter. Cedar Capital LLC now owns 11,434 shares of the software maker’s stock valued at $2,600,000 after acquiring an additional 3,133 shares during the period. Piedmont Investment Advisors Inc. raised its stake in shares of Intuit by 34.3% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 20,260 shares of the software maker’s stock valued at $4,607,000 after acquiring an additional 5,173 shares during the period. Finally, Hartford Investment Management Co. grew its holdings in shares of Intuit by 3.0% in the third quarter. Hartford Investment Management Co. now owns 39,837 shares of the software maker’s stock valued at $9,059,000 after purchasing an additional 1,159 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ INTU opened at $211.44 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.16. Intuit Inc. has a 52 week low of $150.43 and a 52 week high of $231.84. The company has a market cap of $54.69 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 2.42 and a beta of 1.19.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 23rd. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The company had revenue of $988.00 million during the quarter, compared to analysts’ expectations of $952.67 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. As a group, research analysts expect that Intuit Inc. will post 5.24 EPS for the current fiscal year.

In other Intuit news, Chairman Scott D. Cook sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $211.66, for a total transaction of $21,166,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Henry Tayloe Stansbury sold 3,651 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $221.54, for a total transaction of $808,842.54. Following the transaction, the executive vice president now owns 4,048 shares of the company’s stock, valued at approximately $896,793.92. The disclosure for this sale can be found here. Insiders have sold a total of 622,236 shares of company stock valued at $137,883,071 in the last quarter. 5.59% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. Argus lifted their price objective on shares of Intuit from $250.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Evercore ISI upgraded shares of Intuit from an “in-line” rating to an “outperform” rating in a report on Wednesday, October 3rd. Credit Suisse Group lifted their price objective on shares of Intuit from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Oppenheimer lifted their price objective on shares of Intuit from $224.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Finally, Barclays lifted their price objective on shares of Intuit from $204.00 to $219.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $224.29.

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About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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