Intuit Inc. (NASDAQ:INTU) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,356 shares of the software maker's stock after purchasing an additional 1,109 shares during the quarter. Vise Technologies Inc.'s holdings in Intuit were worth $2,738,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Connecticut Wealth Management LLC increased its holdings in shares of Intuit by 2.2% in the fourth quarter. Connecticut Wealth Management LLC now owns 1,195 shares of the software maker's stock worth $751,000 after purchasing an additional 26 shares during the last quarter. Monograph Wealth Advisors LLC increased its stake in Intuit by 0.5% during the fourth quarter. Monograph Wealth Advisors LLC now owns 6,544 shares of the software maker's stock worth $4,113,000 after acquiring an additional 30 shares during the last quarter. Novem Group purchased a new position in shares of Intuit in the 4th quarter worth approximately $605,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Intuit by 5.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 132,772 shares of the software maker's stock worth $83,447,000 after purchasing an additional 7,028 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Intuit by 46.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,511 shares of the software maker's stock worth $1,579,000 after purchasing an additional 798 shares during the period. 83.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTU. Piper Sandler reiterated an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a report on Friday, May 23rd. BMO Capital Markets reaffirmed an "outperform" rating and set a $820.00 target price (up previously from $714.00) on shares of Intuit in a research note on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $825.00 target price (up previously from $775.00) on shares of Intuit in a research note on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, Stifel Nicolaus upped their target price on Intuit from $725.00 to $850.00 and gave the company a "buy" rating 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $785.33.

Intuit Price Performance

Intuit stock traded up $2.90 during midday trading on Wednesday, reaching $754.86. The company had a trading volume of 1,008,474 shares, compared to its average volume of 1,627,054. The company has a market capitalization of $211.03 billion, a P/E ratio of 73.27, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $758.42. The firm's fifty day simple moving average is $622.13 and its 200-day simple moving average is $621.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio 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 earnings per share for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $9.88 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $3,895,059.96. Following the sale, the insider now owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. The trade was a 27.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock valued at $14,347,731 in the last ninety days. 2.68% of the stock is currently owned by corporate insiders.

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.