First Allied Advisory Services Inc. increased its position in Intuit Inc. (NASDAQ:INTU) by 54.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,129 shares of the software maker’s stock after buying an additional 755 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Intuit were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Horan Capital Advisors LLC. purchased a new position in shares of Intuit in the 3rd quarter worth $114,000. SeaCrest Wealth Management LLC purchased a new position in shares of Intuit in the 4th quarter worth $170,000. Highstreet Asset Management Inc. purchased a new position in shares of Intuit in the 3rd quarter worth $159,000. Trellis Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth $201,000. Finally, Americafirst Capital Management LLC purchased a new position in shares of Intuit in the 3rd quarter worth $184,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Mark J. Flournoy sold 13,424 shares of Intuit stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $155.56, for a total transaction of $2,088,237.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Scott D. Cook sold 112,731 shares of Intuit stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $160.97, for a total value of $18,146,309.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 496,379 shares of company stock worth $78,368,506. Corporate insiders own 5.59% of the company’s stock.
Shares of Intuit Inc. (NASDAQ INTU) opened at $171.78 on Monday. Intuit Inc. has a 52-week low of $114.80 and a 52-week high of $177.51. The stock has a market capitalization of $43,994.77, a PE ratio of 45.81, a PEG ratio of 2.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.63.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. research analysts predict that Intuit Inc. will post 4.28 EPS for the current year.
Intuit Company Profile
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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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