Exencial Wealth Advisors LLC Grows Holdings in Intuit Inc. (INTU)

Exencial Wealth Advisors LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,090 shares of the software maker’s stock after acquiring an additional 593 shares during the period. Exencial Wealth Advisors LLC’s holdings in Intuit were worth $2,998,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Exane Derivatives bought a new stake in Intuit in the 3rd quarter valued at approximately $105,000. Captrust Financial Advisors bought a new stake in Intuit in the 2nd quarter valued at approximately $108,000. Shine Investment Advisory Services Inc. bought a new stake in Intuit in the 2nd quarter valued at approximately $123,000. Harvest Fund Management Co. Ltd bought a new stake in Intuit in the 2nd quarter valued at approximately $140,000. Finally, ETF Managers Group LLC bought a new stake in Intuit in the 2nd quarter valued at approximately $140,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Shares of Intuit Inc. (NASDAQ INTU) traded up $0.90 during midday trading on Monday, reaching $156.55. The company’s stock had a trading volume of 1,247,600 shares, compared to its average volume of 1,474,043. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit Inc. has a 52-week low of $111.48 and a 52-week high of $156.71. The firm has a market cap of $40,180.00, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The firm had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts expect that Intuit Inc. will post 4.03 EPS for the current year.

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In other news, EVP Henry Tayloe Stansbury sold 28,048 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.19, for a total transaction of $4,100,337.12. Following the completion of the sale, the executive vice president now directly owns 28,940 shares in the company, valued at approximately $4,230,738.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO R Neil Williams sold 184,585 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total value of $26,046,789.35. Following the sale, the chief financial officer now owns 64,620 shares of the company’s stock, valued at $9,118,528.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,084,194 shares of company stock worth $151,162,540. Insiders own 5.70% of the company’s stock.

INTU has been the topic of several recent analyst reports. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Jefferies Group LLC initiated coverage on Intuit in a research report on Thursday, August 24th. They set a “buy” rating and a $157.00 price target on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target on shares of Intuit in a research report on Wednesday, August 23rd. Bank of America Corporation reaffirmed a “buy” rating and set a $145.00 price target on shares of Intuit in a research report on Wednesday, August 23rd. Finally, UBS AG initiated coverage on Intuit in a research report on Thursday, November 9th. They set a “neutral” rating and a $152.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $149.00.

Intuit Profile

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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