Capital Investment Advisors LLC grew its holdings in Intuit Inc. (NASDAQ:INTU – Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,162 shares of the software maker’s stock after purchasing an additional 73 shares during the period. Capital Investment Advisors LLC’s holdings in Intuit were worth $1,359,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Intuit in the second quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of Intuit in the 3rd quarter valued at $27,000. Denver PWM LLC acquired a new stake in shares of Intuit during the 3rd quarter valued at $32,000. Dunhill Financial LLC grew its position in Intuit by 110.3% during the 3rd quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after acquiring an additional 32 shares during the last quarter. Finally, Groupama Asset Managment increased its holdings in Intuit by 10.6% in the 3rd quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock worth $47,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Stock Performance
Shares of INTU opened at $623.80 on Wednesday. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market cap of $174.61 billion, a PE ratio of 60.56, a P/E/G ratio of 3.24 and a beta of 1.25. The stock has a 50-day moving average of $649.57 and a 200-day moving average of $637.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.
Intuit Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, January 10th. Intuit’s payout ratio is presently 40.39%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Oppenheimer boosted their price target on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group upped their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Scotiabank assumed coverage on shares of Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, Barclays lowered their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $737.44.
Read Our Latest Analysis on INTU
Insider Buying and Selling
In other Intuit news, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock worth $188,992,187 in the last quarter. Insiders own 2.68% of the company’s stock.
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.
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