V Square Quantitative Management LLC Raises Stake in Intuit Inc. (NASDAQ:INTU)

V Square Quantitative Management LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,671 shares of the software maker's stock after acquiring an additional 501 shares during the period. Intuit comprises approximately 0.7% of V Square Quantitative Management LLC's investment portfolio, making the stock its 19th biggest position. V Square Quantitative Management LLC's holdings in Intuit were worth $4,821,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Intuit during the 3rd quarter worth about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Intuit during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In related news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the sale, the chief financial officer now owns 1,944 shares in the company, valued at $1,221,804. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Down 1.3 %

INTU stock traded down $7.44 during midday trading on Tuesday, hitting $579.94. The company's stock had a trading volume of 2,053,467 shares, compared to its average volume of 1,720,392. 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 52-week low of $557.29 and a 52-week high of $714.78. The firm has a market capitalization of $162.34 billion, a P/E ratio of 56.30, a PEG ratio of 2.91 and a beta of 1.24. The firm has a 50-day simple moving average of $619.03 and a 200-day simple moving average of $629.49.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTU. StockNews.com upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Scotiabank began coverage on shares of Intuit in a research report on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. Stifel Nicolaus cut their price objective on shares of Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Oppenheimer increased their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus target price of $726.53.

Intuit 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.