Pathway Financial Advisors LLC Has $240,000 Stock Position in Intuit Inc. (NASDAQ:INTU)
Pathway Financial Advisors LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 919 shares of the software maker’s stock after buying an additional 50 shares during the period. Pathway Financial Advisors LLC’s holdings in Intuit were worth $240,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of INTU. FMR LLC grew its position in Intuit by 10.0% during the 1st quarter. FMR LLC now owns 10,219,799 shares of the software maker’s stock worth $2,671,557,000 after acquiring an additional 930,221 shares during the last quarter. Lyell Wealth Management LP grew its position in Intuit by 2.6% during the 1st quarter. Lyell Wealth Management LP now owns 23,215 shares of the software maker’s stock worth $6,069,000 after acquiring an additional 587 shares during the last quarter. Barbara Oil Co. bought a new stake in Intuit during the 1st quarter worth $209,000. Cooper Haims Advisors LLC bought a new stake in Intuit during the 1st quarter worth $2,118,000. Finally, Martingale Asset Management L P grew its position in Intuit by 0.8% during the 1st quarter. Martingale Asset Management L P now owns 304,289 shares of the software maker’s stock worth $79,545,000 after acquiring an additional 2,301 shares during the last quarter. 89.76% of the stock is owned by institutional investors.
In related news, Chairman Scott D. Cook sold 103,817 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $258.59, for a total transaction of $26,846,038.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Scott D. Cook sold 133,334 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $262.87, for a total value of $35,049,508.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 277,296 shares of company stock worth $72,342,898. 4.60% of the stock is owned by company insiders.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, May 23rd. The software maker reported $5.55 EPS for the quarter, beating the consensus estimate of $5.12 by $0.43. Intuit had a return on equity of 52.65% and a net margin of 24.34%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the company earned $4.82 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Intuit Inc. will post 5.49 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. KeyCorp boosted their price objective on Intuit from $280.00 to $285.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. UBS Group upped their price target on Intuit from $245.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Barclays upped their price target on Intuit from $225.00 to $237.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. ValuEngine lowered Intuit from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, BidaskClub upgraded Intuit from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $254.15.
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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