Baer Investment Advisory LLC Buys Shares of 4,843 Intuit Inc. (NASDAQ:INTU)

Baer Investment Advisory LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,843 shares of the software maker's stock, valued at approximately $3,261,000. Intuit makes up about 6.8% of Baer Investment Advisory LLC's investment portfolio, making the stock its 5th biggest holding.

A number of other large investors have also made changes to their positions in INTU. True North Advisors LLC lifted its holdings in shares of Intuit by 4.3% during the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after acquiring an additional 17 shares during the period. Great Diamond Partners LLC raised its stake in shares of Intuit by 2.8% during the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after purchasing an additional 17 shares during the period. Drive Wealth Management LLC raised its stake in shares of Intuit by 2.4% during the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock valued at $478,000 after purchasing an additional 18 shares during the period. NewSquare Capital LLC raised its stake in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Finally, Ethos Financial Group LLC raised its stake in shares of Intuit by 3.7% during the fourth quarter. Ethos Financial Group LLC now owns 508 shares of the software maker's stock valued at $319,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This represents a 27.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

NASDAQ:INTU traded up $0.29 during trading hours on Thursday, hitting $754.74. 832,032 shares of the company traded hands, compared to its average volume of 1,625,684. The stock has a market capitalization of $211.00 billion, a price-to-earnings ratio of 73.28, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $625.14 and a 200 day moving average of $622.73. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $765.27.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $9.88 EPS. The business's revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and set a $850.00 price target (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. UBS Group set a $750.00 price target on shares of Intuit and gave the company a "neutral" rating in a report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $820.00 price objective (up previously from $714.00) on shares of Intuit in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $785.33.

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.