Eqis Capital Management Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 110.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,817 shares of the software maker’s stock after acquiring an additional 953 shares during the quarter. Eqis Capital Management Inc.’s holdings in Intuit were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Intuit by 22.9% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,400 shares of the software maker’s stock valued at $1,226,000 after acquiring an additional 820 shares during the period. SG Americas Securities LLC boosted its stake in shares of Intuit by 359.1% in the 3rd quarter. SG Americas Securities LLC now owns 131,497 shares of the software maker’s stock valued at $42,896,000 after buying an additional 102,853 shares during the period. Fifth Third Bancorp boosted its stake in shares of Intuit by 2.5% in the 3rd quarter. Fifth Third Bancorp now owns 14,025 shares of the software maker’s stock valued at $4,575,000 after buying an additional 341 shares during the period. YCG LLC boosted its stake in shares of Intuit by 2.3% in the 3rd quarter. YCG LLC now owns 49,945 shares of the software maker’s stock valued at $16,402,000 after buying an additional 1,115 shares during the period. Finally, Chilton Investment Co. LLC boosted its stake in shares of Intuit by 6.6% in the 3rd quarter. Chilton Investment Co. LLC now owns 247,057 shares of the software maker’s stock valued at $80,592,000 after buying an additional 15,377 shares during the period. Institutional investors own 85.52% of the company’s stock.

Shares of INTU stock opened at $347.69 on Friday. The business’s 50 day moving average is $338.89 and its two-hundred day moving average is $311.04. Intuit Inc. has a twelve month low of $187.68 and a twelve month high of $377.15. The company has a market capitalization of $91.03 billion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.40.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, November 18th. The software maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.90. Intuit had a return on equity of 40.79% and a net margin of 23.78%. During the same period in the prior year, the company posted $0.55 EPS. As a group, equities analysts predict that Intuit Inc. will post 7.11 earnings per share for the current fiscal year.

INTU has been the subject of several recent research reports. Oppenheimer lifted their price objective on Intuit from $355.00 to $382.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp raised their target price on Intuit from $315.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Bank of America raised their target price on Intuit from $320.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Wells Fargo & Company raised their target price on Intuit from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup raised their target price on Intuit from $292.00 to $362.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Intuit has an average rating of “Buy” and a consensus target price of $374.28.

In other Intuit news, EVP Gregory N. Johnson sold 3,069 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $341.96, for a total transaction of $1,049,475.24. Following the sale, the executive vice president now directly owns 13,192 shares in the company, valued at $4,511,136.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Laura A. Fennell sold 29,204 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $320.34, for a total value of $9,355,209.36. Following the sale, the executive vice president now owns 95,313 shares in the company, valued at $30,532,566.42. The disclosure for this sale can be found here. Insiders sold a total of 244,742 shares of company stock worth $83,471,109 over the last quarter. Company insiders own 4.09% of the company’s stock.

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 three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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