ORG Partners LLC Raises Stock Position in Intuit Inc. (NASDAQ:INTU)

ORG Partners LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 61.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 224 shares of the software maker’s stock after buying an additional 85 shares during the period. ORG Partners LLC’s holdings in Intuit were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INTU. Fairway Wealth LLC purchased a new stake in Intuit during the second quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Intuit during the 3rd quarter worth $27,000. Denver PWM LLC purchased a new stake in shares of Intuit in the 3rd quarter worth about $32,000. Dunhill Financial LLC grew its stake in Intuit by 110.3% in the 3rd quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock valued at $38,000 after acquiring an additional 32 shares during the last quarter. Finally, Groupama Asset Managment raised its position in Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock worth $47,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on INTU shares. Oppenheimer increased their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Stifel Nicolaus dropped their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Morgan Stanley upped their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $737.44.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 109 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now owns 1,944 shares in the company, valued at approximately $1,221,804. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the sale, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 291,936 shares of company stock valued at $188,324,604 over the last 90 days. 2.68% of the stock is owned by corporate insiders.

Intuit Trading Down 0.4 %

NASDAQ INTU opened at $623.43 on Friday. The firm has a market capitalization of $174.51 billion, a price-to-earnings ratio of 60.53, a PEG ratio of 3.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company’s 50 day moving average price is $649.58 and its 200 day moving average price is $638.21.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the company earned $1.14 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, January 10th. Intuit’s dividend payout ratio is presently 40.39%.

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.