8,171 Shares in Intuit Inc. (NASDAQ:INTU) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new stake 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 acquired 8,171 shares of the software maker's stock, valued at approximately $5,135,000. Intuit accounts for 0.8% of Castlekeep Investment Advisors LLC's holdings, making the stock its 26th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Blue Sky Capital Consultants Group Inc. acquired a new position in shares of Intuit in the fourth quarter worth $333,000. Cache Advisors LLC purchased a new position in Intuit in the fourth quarter valued at $2,195,000. GF Fund Management CO. LTD. acquired a new position in Intuit during the 4th quarter worth $33,714,000. University of Texas Texas AM Investment Management Co. grew its stake in Intuit by 1,602.6% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 647 shares of the software maker's stock worth $407,000 after purchasing an additional 609 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in Intuit during the 4th quarter worth about $2,330,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the 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 directly owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business's 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 transaction, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 over the last quarter. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Oppenheimer reiterated an "outperform" rating and issued a $742.00 price objective (up previously from $642.00) on shares of Intuit in a research note on Friday, May 23rd. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a "buy" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $815.00 price target (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, KeyCorp reaffirmed an "overweight" rating and set a $850.00 price objective (up from $770.00) on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $785.33.

Intuit Stock Performance

NASDAQ:INTU traded down $0.55 during mid-day trading on Thursday, reaching $753.90. 769,538 shares of the stock were exchanged, compared to its average volume of 1,866,783. The stock has a market capitalization of $210.76 billion, a P/E ratio of 73.19, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $759.50. The company has a 50 day simple moving average of $625.14 and a 200-day simple moving average of $622.73. 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 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 net margin of 17.59% and a return on equity of 18.25%. The business had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the previous year, the company posted $9.88 EPS. The company's quarterly revenue was up 15.1% on a year-over-year basis. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

About Intuit

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.