Economy

Intuit Inc. (INTU) Position Decreased by Davenport & Co LLC Last Quarter

Harbour Capital Advisors LLC now owns 887,304 shares of the software maker's stock worth $6,681,000 after buying an additional 883,243 shares during the period. Over the last three months, insiders sold 1,084,194 shares of company stock valued at $151,162,540.

The stock decreased 1.18% or $0.25 on October 13, reaching $20.88. International Business Machines Corp. It has underperformed by 16.88% the S&P500.

Provident Trust Co decreased Pnc Financial Svs Grp (PNC) stake by 0.69% reported in 2017Q2 SEC filing.

Shares of Intuit (INTU) traded down 0.14% during mid-day trading on Friday, reaching $145.65. The institutional investor held 64,575 shares of the prepackaged software company at the end of 2017Q2, valued at $8.58 million, up from 59,495 at the end of the previous reported quarter. Intuit now has $37.38 billion valuation.

The company is down by 0.14%% since yesterday's close of 145.86. Its down 1.38% from 12.90M shares previously. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since October 13, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Investors sentiment decreased to 0.55 in Q2 2017. Guardian Life Insurance Co. of America lifted its position in shares of Intuit by 0.5% in the 1st quarter. It dropped, as 41 investors sold INTU shares while 249 reduced holdings. The software maker reported $0.20 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.03. The rating was initiated by Moffett Nathanson with "Hold" on Wednesday, September 6. Grace And White Inc Ny holds 0.71% or 1.70M shares in its portfolio. RBC Capital Markets maintained Intuit Inc. (NASDAQ:INTU) to report earnings on November, 16. The legal version of this piece can be viewed at https://www.equitiesfocus.com/2017/10/14/macquarie-group-ltd-sells-63618-shares-of-intuit-inc-intu.html. The New York-based Nikko Asset Americas has invested 0.57% in Intuit Inc. (NASDAQ:INTU) for 22,960 shares. Colony Group Incorporated Ltd Liability has invested 0.87% in Intuit Inc. (NASDAQ:INTU). Trillium Asset Mgmt Limited reported 0.28% of its portfolio in Intuit Inc. Commonwealth Equity Svcs reported 12,093 shares. QS Investors LLC's holdings in Intuit were worth $860,000 at the end of the most recent reporting period. (NASDAQ:INTU) or 2,141 shares. 2,480 are held by Conestoga Capital Advsrs Ltd Liability Corp. Blair William & Il holds 272,237 shares or 0.27% of its portfolio. Ifc Holdg Inc Fl has invested 0.03% of its portfolio in Intuit Inc. (NASDAQ:INTU). Bankshares Of New York Mellon Corporation stated it has 4.54M shares. Citigroup Inc invested in 0% or 9,737 shares.

The rating was maintained by Oppenheimer on Thursday, August 25 with "Outperform". As per Friday, November 4, the company rating was maintained by Scotia Capital. During the same quarter in the prior year, the company posted $0.08 earnings per share. After $0.10 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -280.00% negative EPS growth. Parsons Capital Mgmt Inc Ri reported 21,892 shares. Aecom (NYSE:ACM) was raised too.

Since May 25, 2017, it had 0 insider buys, and 4 insider sales for $18.63 million activity. The shares were sold at an average price of $144.20, for a total value of $257,108.60.

In related news, EVP Henry Tayloe Stansbury sold 1,783 shares of Intuit stock in a transaction dated Wednesday, September 27th.

Among 22 analysts covering Intuit (NASDAQ:INTU), 10 have Buy rating, 2 Sell and 10 Hold. Therefore 45% are positive. The firm earned "Underweight" rating on Tuesday, September 13 by Morgan Stanley.

TRADEMARK VIOLATION NOTICE: "Intuit Inc".

09/20/2017 - Argus began new coverage on Intuit Inc. giving the company a "buy" rating.

On August 23 Credit Suisse made no change to the stock rating of "Outperform" but moved up the price target to $155.00 from $100.00. (NASDAQ:INTU) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The rating was upgraded by First Analysis on Wednesday, August 23 to "Hold". As per Tuesday, August 22, the company rating was maintained by RBC Capital Markets. (NASDAQ:INTU) from a sell rating to a buy rating in a research report released on Monday morning. The stock has a consensus rating of Buy and a consensus price target of $203.97. On Wednesday, October 4 the stock rating was maintained by Stifel Nicolaus with "Hold". (NASDAQ:INTU) has "Neutral" rating given on Thursday, April 21 by Credit Suisse. Therefore 96% are positive. The rating was maintained by Scotia Capital on Friday, July 29 with "Sector Perform". The company recently declared a dividend paid on Tuesday the 18th of July 2017. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned "Buy" rating by Jefferies on Thursday, June 22. RBC Capital Markets has "Sector Perform" rating and $108 target. Deutsche Bank AG restated a "buy" rating and issued a $150.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Jefferies maintained Intuit Inc. Jefferies maintained the shares of IBM in report on Tuesday, July 19 with "Underperform" rating. It also upped Ubiquiti Networks Inc Com (NASDAQ:UBNT) stake by 413,560 shares and now owns 1.62 million shares.



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