3,493 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by Cache Advisors LLC

Cache Advisors LLC acquired a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,493 shares of the software maker's stock, valued at approximately $2,195,000. Intuit accounts for 0.8% of Cache Advisors LLC's portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTU. R Squared Ltd purchased a new position in Intuit during the fourth quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in 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 in the last quarter. Summit Securities Group LLC purchased a new position in Intuit during the fourth quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Intuit during the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, 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 value of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the transaction, the executive vice president now owns 21,882 shares of the company's stock, valued at $13,401,849.72. This trade represents a 27.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,696 shares of company stock worth $14,347,731. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Up 4.4%

Shares of INTU traded up $31.83 during trading on Tuesday, reaching $751.96. 4,078,722 shares of the company traded hands, compared to its average volume of 1,629,300. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $751.72. The stock has a market cap of $210.22 billion, a PE ratio of 73.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The stock has a 50-day simple moving average of $619.10 and a 200-day simple moving average of $620.90. 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 (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same period last year, the business earned $9.88 earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a report on Friday. Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a report on Friday. Redburn Atlantic initiated coverage on shares of Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating on the stock. Finally, Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Intuit has an average rating of "Moderate Buy" and an average 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.