Northcoast Asset Management Increases Holding in Premier (PINC); Td Asset Management Holds Stake in Intuit (INTU)

January 17, 2018 - By Adrian Mccoy

Northcoast Asset Management Llc increased its stake in Premier Inc (PINC) by 44.56% based on its latest 2017Q3 regulatory filing with the SEC. Northcoast Asset Management Llc bought 11,814 shares as the company’s stock rose 10.37% with the market. The institutional investor held 38,325 shares of the consumer services company at the end of 2017Q3, valued at $1.25 million, up from 26,511 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Premier Inc for a number of months, seems to be bullish on the $4.50B market cap company. The stock decreased 0.15% or $0.05 during the last trading session, reaching $32.22. About 208,769 shares traded. Premier, Inc. (NASDAQ:PINC) has risen 13.15% since January 17, 2017 and is uptrending. It has underperformed by 3.55% the S&P500.

Td Asset Management Inc increased its stake in Intuit (INTU) by 21.29% based on its latest 2017Q3 regulatory filing with the SEC. Td Asset Management Inc bought 147,673 shares as the company’s stock rose 4.61% with the market. The institutional investor held 841,238 shares of the prepackaged software company at the end of 2017Q3, valued at $119.57M, up from 693,565 at the end of the previous reported quarter. Td Asset Management Inc who had been investing in Intuit for a number of months, seems to be bullish on the $41.76 billion market cap company. The stock increased 0.64% or $1.04 during the last trading session, reaching $163.33. About 151,446 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since January 17, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Since August 24, 2017, it had 0 insider buys, and 15 insider sales for $155.18 million activity. On Monday, September 11 the insider FLOURNOY MARK J sold $265,839. STANSBURY HENRY TAYLOE had sold 15,415 shares worth $2.18M. Shares for $24.28M were sold by COOK SCOTT D. The insider Williams R Neil sold 184,585 shares worth $26.05M. $2.29 million worth of Intuit Inc. (NASDAQ:INTU) shares were sold by Goodarzi Sasan K.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Intuit Inc. (NASDAQ:INTU) has “Sector Perform” rating given on Friday, February 24 by RBC Capital Markets. As per Wednesday, September 27, the company rating was downgraded by Raymond James. The stock of Intuit Inc. (NASDAQ:INTU) has “Hold” rating given on Wednesday, October 4 by Stifel Nicolaus. RBC Capital Markets maintained Intuit Inc. (NASDAQ:INTU) rating on Wednesday, August 24. RBC Capital Markets has “Sector Perform” rating and $108 target. Goldman Sachs maintained Intuit Inc. (NASDAQ:INTU) on Wednesday, August 24 with “Buy” rating. The firm has “Buy” rating given on Tuesday, January 9 by Credit Suisse. On Tuesday, September 19 the stock rating was initiated by William Blair with “Buy”. The firm has “Buy” rating given on Thursday, September 21 by Wells Fargo. Deutsche Bank maintained the shares of INTU in report on Wednesday, November 4 with “Buy” rating. First Analysis upgraded the stock to “Hold” rating in Wednesday, August 23 report.

Td Asset Management Inc, which manages about $16.26B and $66.70B US Long portfolio, decreased its stake in Universal Hlth Svcs Inc (NYSE:UHS) by 3,346 shares to 263,599 shares, valued at $29.24 million in 2017Q3, according to the filing. It also reduced its holding in Magna Intl Inc (NYSE:MGA) by 835,195 shares in the quarter, leaving it with 7.85 million shares, and cut its stake in Twilio Inc.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.04, from 0.96 in 2017Q2. It worsened, as 33 investors sold INTU shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported. Signature Management invested 0.1% of its portfolio in Intuit Inc. (NASDAQ:INTU). Moreover, California State Teachers Retirement Sys has 0.13% invested in Intuit Inc. (NASDAQ:INTU). Thrivent For Lutherans has 9,660 shares. Parsons Capital Management Ri holds 0.35% or 21,125 shares. Blackrock holds 0.12% or 16.43M shares. Wade G W stated it has 1,426 shares. 2,300 are held by Yorktown Rech. Folger Nolan Fleming Douglas Cap Mngmt holds 3,600 shares. Massachusetts-based Liberty Mutual Grp Asset Mgmt has invested 0.08% in Intuit Inc. (NASDAQ:INTU). Cantab Cap Prns Limited Liability Partnership owns 14,481 shares. Ngam Advsr Lp has invested 0.06% in Intuit Inc. (NASDAQ:INTU). Glenmede Trust Na, a Pennsylvania-based fund reported 12,654 shares. Douglass Winthrop Advisors Ltd Com holds 6,764 shares or 0.06% of its portfolio. Bryn Mawr Trust holds 67,562 shares or 0.55% of its portfolio. Texas Permanent School Fund invested 0.12% in Intuit Inc. (NASDAQ:INTU).

Investors sentiment increased to 1.72 in Q3 2017. Its up 0.20, from 1.52 in 2017Q2. It improved, as 23 investors sold PINC shares while 41 reduced holdings. 30 funds opened positions while 80 raised stakes. 52.07 million shares or 2.52% more from 50.79 million shares in 2017Q2 were reported. Howe And Rusling reported 204 shares or 0% of all its holdings. Oppenheimer Asset accumulated 15,137 shares. Principal Fincl reported 10,089 shares. Aperio Ltd Limited Liability Company invested 0.01% in Premier, Inc. (NASDAQ:PINC). 6.44M are held by Fmr Ltd Liability Co. Menta has invested 0.23% in Premier, Inc. (NASDAQ:PINC). Pembroke Management Limited stated it has 547,400 shares or 1.74% of all its holdings. Jpmorgan Chase owns 2.38M shares. Westwood Group Incorporated holds 0.24% of its portfolio in Premier, Inc. (NASDAQ:PINC) for 930,266 shares. 52,748 were accumulated by Comerica Comml Bank. The California-based Covington Mgmt has invested 0% in Premier, Inc. (NASDAQ:PINC). Cadence Limited Liability Company reported 31,400 shares. 3,185 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Bb&T invested 0.01% in Premier, Inc. (NASDAQ:PINC). 9,700 were accumulated by Hbk Invs L P.

Northcoast Asset Management Llc, which manages about $850.89M US Long portfolio, decreased its stake in Toro Co. (The) (NYSE:TTC) by 10,619 shares to 7,886 shares, valued at $489,000 in 2017Q3, according to the filing. It also reduced its holding in Fiat Chrysler Auto Nv by 88,709 shares in the quarter, leaving it with 130,000 shares, and cut its stake in Hartford Finl Svcs Group Inc (NYSE:HIG).

Since August 15, 2017, it had 0 insider buys, and 4 sales for $2.58 million activity. $831,500 worth of Premier, Inc. (NASDAQ:PINC) was sold by Alkire Michael J. on Thursday, August 24. $74,101 worth of stock was sold by Anderson Leigh on Tuesday, August 29. Shares for $1.31 million were sold by DeVore Susan D. on Tuesday, August 29.

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