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

Cache Advisors LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,493 shares of the software maker's stock, valued at approximately $2,195,000. Intuit makes up approximately 0.8% of Cache Advisors LLC's investment portfolio, making the stock its 26th biggest holding.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Intuit during the fourth quarter valued at $25,000. NewSquare Capital LLC lifted its position 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 during the last quarter. Summit Securities Group LLC bought a new position in Intuit during the fourth quarter valued at $28,000. Heck Capital Advisors LLC bought a new position in Intuit during the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit during the fourth quarter valued at $28,000. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $600.00 to $700.00 in a research report on Thursday, April 17th. UBS Group set a $750.00 price objective on shares of Intuit and gave the company a "neutral" rating in a research report on Friday, May 23rd. Oppenheimer restated an "outperform" rating and issued a $742.00 target price (up previously from $642.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $825.00 target price (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $785.33.

Intuit Stock Up 0.3%

NASDAQ INTU traded up $2.49 during trading on Wednesday, reaching $754.45. 2,464,341 shares of the company's stock traded hands, compared to its average volume of 1,632,699. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $210.92 billion, a price-to-earnings ratio of 73.25, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company's 50 day simple moving average is $622.13 and its two-hundred day simple moving average is $621.81. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $758.42.

Intuit (NASDAQ:INTU - Get Free Report) last posted its 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. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $9.88 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. 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. Company insiders own 2.68% of the company's stock.

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.