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

Vise Technologies Inc. raised its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,356 shares of the software maker's stock after buying an additional 1,109 shares during the quarter. Vise Technologies Inc.'s holdings in Intuit were worth $2,738,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock worth $16,991,696,000 after acquiring an additional 353,185 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Intuit by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock valued at $3,833,720,000 after buying an additional 132,384 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Intuit by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock worth $3,329,115,000 after purchasing an additional 620,559 shares in the last quarter. Norges Bank purchased a new position in shares of Intuit in the 4th quarter valued at approximately $2,290,419,000. Finally, Northern Trust Corp raised its stake in Intuit by 17.3% in the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after acquiring an additional 498,030 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. Citigroup restated a "buy" rating and set a $789.00 target price (up from $726.00) on shares of Intuit in a research report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $850.00 target price (up from $760.00) on shares of Intuit in a report on Friday. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday. Stifel Nicolaus raised their price objective on shares of Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $785.33.

Intuit Price Performance

Shares of INTU stock traded up $31.37 during trading hours on Tuesday, reaching $751.50. The company had a trading volume of 3,471,420 shares, compared to its average volume of 1,862,037. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $751.90. The company has a market capitalization of $210.09 billion, a price-to-earnings ratio of 72.96, a PEG ratio of 2.85 and a beta of 1.24. 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 fifty day moving average of $619.10 and a 200-day moving average of $620.90.

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

Insider Activity

In other news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction dated Thursday, March 20th. The stock was 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. This trade represents a 99.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was 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 in the company, valued at $3,758,436,774. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock valued at $14,347,731 in the last 90 days. 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.