Capital Analysts LLC Raises Position in Intuit Inc. (NASDAQ:INTU)

Capital Analysts LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 582.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 198 shares of the software maker’s stock after buying an additional 169 shares during the quarter. Capital Analysts LLC’s holdings in Intuit were worth $124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Intuit in the third quarter worth approximately $51,000. V Square Quantitative Management LLC raised its stake in shares of Intuit by 18.8% in the third quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 482 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Intuit by 27.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 8,800 shares of the software maker’s stock valued at $4,496,000 after acquiring an additional 1,900 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Intuit by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock valued at $9,400,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Hixon Zuercher LLC bought a new position in shares of Intuit in the fourth quarter valued at approximately $1,292,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,717 shares of company stock worth $3,117,156. Corporate insiders own 2.90% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $608.38 on Friday. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. The business has a fifty day moving average price of $643.99 and a 200-day moving average price of $598.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $170.35 billion, a P/E ratio of 62.08, a PEG ratio of 3.72 and a beta of 1.21.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were given a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

Wall Street Analyst Weigh In

INTU has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Stifel Nicolaus upped their target price on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $700.00 target price on shares of Intuit in a report on Tuesday, March 26th. Mizuho upped their target price on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, KeyCorp upped their target price on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $645.00.

Intuit Company Profile

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.