Intuit Inc. (INTU) Shares Bought by Mutual of America Capital Management LLC

Marco Green
May 27, 2017

The fund owned 294,791 shares of the software maker's stock after buying an additional 121,816 shares during the period. Intuit makes up 0.5% of Meristem LLP's investment portfolio, making the stock its 28th largest position. Mutual of America Capital Management LLC's holdings in Intuit were worth $3,456,000 as of its most recent SEC filing. It improved, as 32 investors sold INTU shares while 250 reduced holdings. State Street Corp boosted its position in Intuit by 0.9% in the fourth quarter.

New Mexico Educational Retirement Board decreased its stake in shares of Intuit Inc. Norges Bank bought a new stake in Intuit during the fourth quarter worth approximately $239,947,000. Todd Asset Management Llc who had been investing in Intuit for a number of months, seems to be bullish on the $37.90 billion market cap company. Whittier Trust Co. boosted its position in shares of Intuit by 5.2% in the first quarter.

TRADEMARK VIOLATION WARNING: "Kayne Anderson Rudnick Investment Management LLC Boosts Position in Intuit Inc". RSI or Relative Strength Index is a momentum indicator that technical investors use along with other factors in trying to determine the short term direction of a stock.

Shares of Intuit Inc. (NASDAQ:INTU). Moreover, Echo Street Cap Lc has 0.13% invested in Intuit Inc. 1,177,228 shares of the company were exchanged.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 18.74%, and has a solid year to date (YTD) performance of 20.26% which means the stock is constantly adding to its value from the previous fiscal year end price. (INTU) has a trading volume of 5.28 Million shares, with an average trading volume of 1790 shares - with shares dropping to a 52 week low of $101.81, and the company's shares hitting a 52 week high of $ 130.10. Intuit Inc. Intuit also was the target of some unusual options trading activity on Wednesday. See which 3 stocks are most likely to make moves following their insider activities. This is an increase of approximately 1,440% compared to the typical daily volume of 234 call options.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, May 23rd. WI now owns 29,590 shares of the software maker's stock valued at $3,255,000 after buying an additional 675 shares in the last quarter. Intuit had a net margin of 20.59% and a return on equity of 82.77%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. The company's 5 year Earnings per share growth and Capital Spending growth remains at 18.13 and -0.43. That value represents a market adjusting for revenues that have been growing by 10.08 % on a quarterly year/year basis as of the company's last quarterly report.

Currently, the market capitalization of Intuit Inc.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Alpha Windward Ltd Liability invested in 0.17% or 2,262 shares. This represents a $1.36 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 6th. Intuit's payout ratio is 36.27%. "(INTU) Position Cut by Cue Financial Group Inc." was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. The legal version of this article can be viewed at Raymond James downgraded the shares of INTU in report on Monday, August 10 to "Outperform" rating. Barclays PLC reissued an "equal weight" rating and issued a $129.00 price target on shares of Intuit in a research note on Monday, April 3rd. Oppenheimer Holdings Inc. reaffirmed an "outperform" rating and set a $127.00 price objective (up from $124.00) on shares of Intuit in a report on Monday, February 27th. Zacks Investment Research raised Intuit from a "hold" rating to a "buy" rating and set a $132.00 price objective for the company in a report on Monday, February 13th. Finally, Benchmark Co. initiated coverage on shares of Intuit in a research report on Thursday, April 27th.

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $Intuit Inc. while their mean recommendation is 2.60 (1=Buy, 5=sell). The company has a consensus rating of "Buy" and an average target price of $206.32.

In a report issued on May 22, Credit Suisse also reiterated a Sell rating on the stock with a $35 price target. The stock was sold at an average price of $126.09, for a total transaction of $13,043,380.05. Following the sale, the chief executive officer now directly owns 311,733 shares of the company's stock, valued at approximately $39,306,413.97.

In related news, VP Mark J. Flournoy sold 8,651 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $125.23, for a total value of $468,610.66. The disclosure for this sale can be found here.

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect.

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