Blue Sky Capital Consultants Group Inc. Takes $333,000 Position in Intuit Inc. (NASDAQ:INTU)

Blue Sky Capital Consultants Group Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 530 shares of the software maker's stock, valued at approximately $333,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Intuit during the 4th quarter valued at approximately $25,000. NewSquare Capital LLC increased its position in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit during the fourth quarter worth $28,000. Finally, Summit Securities Group LLC acquired a new position in shares of Intuit in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In related news, EVP Marianna Tessel sold 7,385 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the sale, the executive vice president now directly owns 40,190 shares in the company, valued at approximately $24,119,224.70. This represents a 15.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on 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 completion of the transaction, the director now owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. Company insiders own 2.68% of the company's stock.

Intuit Stock Down 0.2%

NASDAQ:INTU traded down $1.14 on Thursday, hitting $753.31. The stock had a trading volume of 756,129 shares, compared to its average volume of 1,625,469. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $765.27. The firm's fifty day simple moving average is $625.14 and its two-hundred day simple moving average is $622.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $210.60 billion, a P/E ratio of 73.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company reiterated an "overweight" rating and set a $825.00 price objective (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Citigroup reaffirmed a "buy" rating and issued a $789.00 target price (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $785.33.

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.