Bank Julius Baer & Co. Ltd Zurich increased its holdings in Intuit Inc. (NASDAQ:INTU) by 22.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,400 shares of the software maker’s stock after acquiring an additional 820 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Intuit were worth $1,226,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Intuit by 7.8% during the third quarter. State of Alaska Department of Revenue now owns 58,725 shares of the software maker’s stock valued at $19,155,000 after buying an additional 4,271 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Intuit by 3.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,730 shares of the software maker’s stock valued at $4,153,000 after buying an additional 444 shares in the last quarter. RFG Advisory LLC raised its stake in Intuit by 7.5% during the third quarter. RFG Advisory LLC now owns 1,817 shares of the software maker’s stock valued at $593,000 after buying an additional 127 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Intuit during the second quarter valued at approximately $27,000. Finally, Kentucky Retirement Systems acquired a new stake in Intuit during the second quarter valued at approximately $4,300,000. Institutional investors and hedge funds own 85.52% of the company’s stock.

In other Intuit news, EVP Gregory N. Johnson sold 3,069 shares of the 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 completion of the transaction, the executive vice president now directly owns 13,192 shares of the company’s stock, valued at approximately $4,511,136.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 29,204 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $320.34, for a total value of $9,355,209.36. Following the transaction, the executive vice president now directly owns 95,313 shares of the company’s stock, valued at $30,532,566.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 244,742 shares of company stock valued at $83,471,109. 4.09% of the stock is currently owned by corporate insiders.

INTU has been the topic of several research reports. Zacks Investment Research cut Intuit from a “strong-buy” rating to a “hold” rating and set a $344.00 price objective on the stock. in a research note on Tuesday, October 27th. Royal Bank of Canada increased their price target on Intuit from $405.00 to $415.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup increased their price target on Intuit from $292.00 to $362.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Stifel Nicolaus increased their price target on Intuit from $300.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, Mizuho increased their price target on Intuit from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $374.28.

Shares of INTU stock opened at $347.69 on Friday. Intuit Inc. has a 12-month low of $187.68 and a 12-month high of $377.15. The firm has a market capitalization of $91.03 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99. The business has a 50 day simple moving average of $338.89 and a 200 day simple moving average of $311.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.26 and a quick ratio of 2.26.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, November 18th. The software maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.55 earnings per share. On average, equities analysts anticipate that Intuit Inc. will post 7.11 EPS 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 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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