Landscape Capital Management L.L.C. Invests $4.07 Million in Intuit Inc. (NASDAQ:INTU)

Landscape Capital Management L.L.C. bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,553 shares of the software maker's stock, valued at approximately $4,069,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in shares of Intuit by 2.8% during the 2nd quarter. Fortitude Family Office LLC now owns 582 shares of the software maker's stock worth $382,000 after buying an additional 16 shares during the last quarter. WASHINGTON TRUST Co increased its position in shares of Intuit by 10.5% during the second quarter. WASHINGTON TRUST Co now owns 168 shares of the software maker's stock worth $110,000 after purchasing an additional 16 shares in the last quarter. Gemmer Asset Management LLC lifted its holdings in shares of Intuit by 3.7% in the 2nd quarter. Gemmer Asset Management LLC now owns 448 shares of the software maker's stock valued at $294,000 after purchasing an additional 16 shares during the last quarter. PFG Investments LLC boosted its position in shares of Intuit by 1.1% in the 2nd quarter. PFG Investments LLC now owns 1,558 shares of the software maker's stock valued at $1,024,000 after purchasing an additional 17 shares during the period. Finally, Plancorp LLC increased its position in Intuit by 2.0% during the second quarter. Plancorp LLC now owns 881 shares of the software maker's stock worth $579,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTU shares. Barclays lifted their target price on shares of Intuit from $740.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Morgan Stanley lowered Intuit from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $750.00 to $685.00 in a report on Wednesday, August 14th. Jefferies Financial Group upped their price objective on Intuit from $770.00 to $790.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Stifel Nicolaus upped their price target on Intuit from $690.00 to $795.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, Bank of America lifted their price objective on shares of Intuit from $730.00 to $780.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $737.06.

Intuit Stock Performance

INTU opened at $650.60 on Thursday. The stock's 50 day simple moving average is $634.46 and its 200 day simple moving average is $630.89. The stock has a market cap of $182.25 billion, a P/E ratio of 62.26, a P/E/G ratio of 3.15 and a beta of 1.25. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.08 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. Intuit's revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts anticipate that Intuit Inc. will post 14.05 EPS for the current fiscal year.

Insider Activity at Intuit

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

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.

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