Toroso Investments LLC Acquires 157 Shares of Intuit Inc. (NASDAQ:INTU)

Toroso Investments LLC raised its holdings in Intuit Inc. (NASDAQ:INTU – Get Rating) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,585 shares of the software maker’s stock after purchasing an additional 157 shares during the period. Toroso Investments LLC’s holdings in Intuit were worth $1,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of INTU. Altshuler Shaham Ltd acquired a new position in shares of Intuit in the 3rd quarter valued at approximately $25,000. SRS Capital Advisors Inc. increased its position in Intuit by 81.0% during the 2nd quarter. SRS Capital Advisors Inc. now owns 76 shares of the software maker’s stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Intuit during the 3rd quarter worth approximately $49,000. Eagle Bay Advisors LLC acquired a new position in Intuit during the 2nd quarter worth approximately $52,000. Finally, Hillsdale Investment Management Inc. increased its position in Intuit by 23.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 161 shares of the software maker’s stock worth $62,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 82.65% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent research reports. Oppenheimer decreased their price target on shares of Intuit from $516.00 to $476.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $560.00 to $525.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Jefferies Financial Group decreased their price target on shares of Intuit from $575.00 to $525.00 in a research report on Wednesday, November 30th. Credit Suisse Group initiated coverage on shares of Intuit in a research report on Monday, November 21st. They issued an “outperform” rating and a $500.00 price target for the company. Finally, Daiwa Capital Markets initiated coverage on shares of Intuit in a research report on Wednesday. They issued an “outperform” rating and a $444.00 price target for the company. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $483.53.

Intuit Stock Down 1.1 %

Shares of NASDAQ INTU opened at $413.69 on Friday. The firm has a market cap of $116.06 billion, a PE ratio of 60.66, a P/E/G ratio of 3.03 and a beta of 1.16. Intuit Inc. has a 12-month low of $339.36 and a 12-month high of $507.71. The company’s fifty day simple moving average is $408.58 and its 200 day simple moving average is $404.21. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Intuit (NASDAQ:INTU – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The software maker reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.76. Intuit had a net margin of 14.22% and a return on equity of 14.89%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Intuit Inc. will post 9.01 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 10th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, April 6th. This represents a $3.12 annualized dividend and a yield of 0.75%. Intuit’s payout ratio is 45.75%.

Insiders Place Their Bets

In other Intuit news, EVP James Alexander Chriss sold 597 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $400.00, for a total transaction of $238,800.00. Following the transaction, the executive vice president now owns 344 shares in the company, valued at $137,600. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP James Alexander Chriss sold 597 shares of the stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $400.00, for a total value of $238,800.00. Following the completion of the sale, the executive vice president now owns 344 shares in the company, valued at $137,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 500 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $413.16, for a total transaction of $206,580.00. Following the completion of the sale, the chief accounting officer now owns 1,781 shares of the company’s stock, valued at approximately $735,837.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,925 shares of company stock worth $3,258,123. Insiders own 3.18% of the company’s stock.

Intuit Company Profile

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Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.