Lyell Wealth Management LP Grows Position in Intuit Inc. (NASDAQ:INTU)

Lyell Wealth Management LP grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,234 shares of the software maker's stock after buying an additional 501 shares during the period. Intuit accounts for 1.8% of Lyell Wealth Management LP's investment portfolio, making the stock its 13th largest holding. Lyell Wealth Management LP's holdings in Intuit were worth $19,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of INTU. International Assets Investment Management LLC boosted its holdings in shares of Intuit by 68,404.7% in the 3rd quarter. International Assets Investment Management LLC now owns 484,328 shares of the software maker's stock valued at $300,768,000 after buying an additional 483,621 shares in the last quarter. Holocene Advisors LP boosted its stake in Intuit by 99.6% during the 3rd quarter. Holocene Advisors LP now owns 625,583 shares of the software maker's stock worth $388,487,000 after purchasing an additional 312,212 shares during the period. Nordea Investment Management AB boosted its stake in Intuit by 83.2% during the 4th quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock worth $371,984,000 after purchasing an additional 268,060 shares during the period. State Street Corp boosted its stake in Intuit by 1.8% during the 3rd quarter. State Street Corp now owns 12,317,086 shares of the software maker's stock worth $7,648,910,000 after purchasing an additional 221,885 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Intuit during the 4th quarter worth $104,278,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU traded down $13.61 during midday trading on Friday, hitting $565.47. The company had a trading volume of 2,006,382 shares, compared to its average volume of 1,767,831. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The business has a 50-day simple moving average of $612.23 and a two-hundred day simple moving average of $628.24. The firm has a market capitalization of $158.29 billion, a price-to-earnings ratio of 54.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. Equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on INTU. BNP Paribas cut shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. Jefferies Financial Group increased their price target on shares of Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Stifel Nicolaus decreased their price target on shares of Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $726.53.

Insiders Place Their Bets

In other news, EVP Laura A. Fennell sold 4,788 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total value of $2,938,012.56. Following the completion of the transaction, the executive vice president now owns 30,010 shares of the company's stock, valued at $18,414,736.20. The trade was a 13.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 293,014 shares of company stock worth $188,992,187. Insiders own 2.68% 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.