Davidson Investment Advisors Has $26.36 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Davidson Investment Advisors increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,940 shares of the software maker’s stock after acquiring an additional 553 shares during the period. Intuit comprises approximately 1.3% of Davidson Investment Advisors’ holdings, making the stock its 23rd largest holding. Davidson Investment Advisors’ holdings in Intuit were worth $26,359,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Intuit in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC bought a new position in shares of Intuit in the 3rd quarter worth $27,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit in the 4th quarter worth $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Intuit in the 4th quarter worth $29,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Up 0.6 %

Shares of NASDAQ:INTU opened at $587.38 on Tuesday. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The stock has a market cap of $164.42 billion, a PE ratio of 57.03, a P/E/G ratio of 2.91 and a beta of 1.24. The business has a 50 day moving average of $620.21 and a 200-day moving average of $629.84. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Activity

In other news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 26,562 shares of Intuit stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the completion of the sale, the chief executive officer now owns 37,869 shares of the company’s stock, valued at approximately $23,701,828.41. The trade was a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 293,014 shares of company stock worth $188,992,187. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank started coverage on Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Finally, Morgan Stanley raised their price objective on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $726.53.

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 four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.