Shell Asset Management Co. lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 35,613 shares of the software maker’s stock after acquiring an additional 476 shares during the quarter. Shell Asset Management Co.’s holdings in Intuit were worth $9,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Intuit by 4.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,028 shares of the software maker’s stock valued at $596,000 after acquiring an additional 132 shares in the last quarter. Strs Ohio raised its position in shares of Intuit by 0.5% during the 1st quarter. Strs Ohio now owns 379,414 shares of the software maker’s stock valued at $99,182,000 after acquiring an additional 1,790 shares in the last quarter. Cooper Haims Advisors LLC acquired a new stake in shares of Intuit during the 1st quarter valued at approximately $2,118,000. Parkside Financial Bank & Trust raised its position in shares of Intuit by 16.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 394 shares of the software maker’s stock valued at $77,000 after acquiring an additional 56 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Intuit by 82.8% during the 1st quarter. Virtu Financial LLC now owns 4,460 shares of the software maker’s stock valued at $1,166,000 after acquiring an additional 2,020 shares in the last quarter. 87.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Dennis D. Powell sold 4,083 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $248.96, for a total value of $1,016,503.68. Following the completion of the transaction, the director now owns 3,550 shares of the company’s stock, valued at $883,808. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kerry J. Mclean sold 12,176 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total value of $3,053,010.24. Following the completion of the transaction, the senior vice president now directly owns 14,710 shares of the company’s stock, valued at approximately $3,688,385.40. The disclosure for this sale can be found here. In the last three months, insiders sold 90,609 shares of company stock valued at $22,757,853. Company insiders own 4.60% of the company’s stock.

INTU has been the topic of several analyst reports. Guggenheim increased their target price on Intuit from $260.00 to $310.00 in a research report on Thursday, April 11th. Deutsche Bank increased their target price on Intuit from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. BidaskClub lowered Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $212.00 target price on shares of Intuit in a research report on Friday, February 1st. Finally, Zacks Investment Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Intuit presently has a consensus rating of “Buy” and a consensus price target of $253.40.

NASDAQ:INTU opened at $257.48 on Friday. Intuit Inc. has a 1 year low of $182.61 and a 1 year high of $272.14. The firm has a market capitalization of $66.71 billion, a PE ratio of 56.84, a price-to-earnings-growth ratio of 2.87 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, May 23rd. The software maker reported $5.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.12 by $0.43. Intuit had a return on equity of 53.70% and a net margin of 22.89%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the prior year, the business posted $4.82 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Intuit Inc. will post 5.3 earnings per share for the current year.

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Intuit Profile

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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