EULAV Asset Management Sells 5,100 Shares of Intuit Inc. (NASDAQ:INTU)

EULAV Asset Management lowered its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,210 shares of the software maker's stock after selling 5,100 shares during the quarter. EULAV Asset Management's holdings in Intuit were worth $34,285,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new stake in shares of Intuit in the 2nd quarter valued at $25,000. Cultivar Capital Inc. bought a new position in Intuit during the 2nd quarter worth about $26,000. Fairway Wealth LLC bought a new position in Intuit during the 2nd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in Intuit during the 3rd quarter worth about $27,000. Finally, Hobbs Group Advisors LLC bought a new position in Intuit during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 2,988 shares of Intuit stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $649.87, for a total transaction of $1,941,811.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 775 shares of Intuit stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the sale, the chief financial officer now directly owns 4,451 shares of the company's stock, valued at approximately $2,676,430.81. This trade represents a 14.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,297 shares of company stock worth $35,220,046 over the last ninety days. 2.90% of the stock is owned by corporate insiders.

Intuit Stock Up 1.0 %

INTU stock traded up $6.43 during trading on Wednesday, reaching $650.60. 1,825,303 shares of the stock were exchanged, compared to its average volume of 1,344,574. The firm has a market cap of $182.36 billion, a P/E ratio of 61.64, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The firm's 50 day moving average is $634.32 and its 200 day moving average is $630.75. 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 issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, research analysts forecast that Intuit Inc. will post 14.05 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INTU shares. Susquehanna restated a "positive" rating and issued a $757.00 price objective on shares of Intuit in a report on Friday, August 16th. Bank of America raised their price objective on Intuit from $730.00 to $780.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Morgan Stanley cut Intuit from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $750.00 to $685.00 in a report on Wednesday, August 14th. Scotiabank started coverage on Intuit in a report on Monday. They issued a "sector perform" rating and a $700.00 price objective for the company. Finally, Barclays raised their target price on shares of Intuit from $740.00 to $800.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Five equities 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $737.06.

Intuit Company Profile

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.