B. Metzler seel. Sohn & Co. Holding AG Takes $56.14 Million Position in Intuit Inc. (NASDAQ:INTU)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 90,409 shares of the software maker's stock, valued at approximately $56,144,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Intuit by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,340,555 shares of the software maker's stock worth $1,538,236,000 after purchasing an additional 23,995 shares during the period. Ameriprise Financial Inc. grew its position in Intuit by 17.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,616,811 shares of the software maker's stock worth $1,062,578,000 after acquiring an additional 238,486 shares during the last quarter. Principal Financial Group Inc. increased its stake in Intuit by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,407,862 shares of the software maker's stock worth $925,262,000 after purchasing an additional 56,370 shares during the period. Capital World Investors lifted its position in Intuit by 1.0% in the first quarter. Capital World Investors now owns 1,188,779 shares of the software maker's stock valued at $772,706,000 after purchasing an additional 12,068 shares during the last quarter. Finally, Unisphere Establishment boosted its stake in shares of Intuit by 4.2% during the second quarter. Unisphere Establishment now owns 1,000,000 shares of the software maker's stock valued at $657,210,000 after purchasing an additional 40,000 shares during the period. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded down $34.64 during midday trading on Tuesday, reaching $644.17. 2,494,299 shares of the company were exchanged, compared to its average volume of 1,341,998. The stock has a market cap of $180.55 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The business's fifty day moving average is $634.11 and its two-hundred day moving average is $630.65. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. As a group, analysts predict that Intuit Inc. will post 14.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of Intuit from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $750.00 to $685.00 in a report on Wednesday, August 14th. BMO Capital Markets raised their price target on Intuit from $700.00 to $760.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Jefferies Financial Group upped their price objective on shares of Intuit from $770.00 to $790.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $768.00 target price on shares of Intuit in a research note on Friday, September 27th. Finally, Stifel Nicolaus raised their price objective on shares of Intuit from $690.00 to $795.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $737.06.

Insider Activity at Intuit

In other news, insider Scott D. Cook sold 2,461 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total value of $1,568,124.59. Following the sale, the insider now directly owns 6,453,105 shares in the company, valued at approximately $4,111,853,974.95. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 862 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $621.03, for a total value of $535,327.86. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 55,297 shares of company stock worth $35,220,046. Company insiders own 2.90% of the company's stock.

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.