Capital Advisors Ltd. LLC Boosts Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Capital Advisors Ltd. LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTUGet Rating) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 753 shares of the software maker’s stock after buying an additional 203 shares during the period. Capital Advisors Ltd. LLC’s holdings in Intuit were worth $484,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INTU. Nixon Peabody Trust Co. purchased a new stake in shares of Intuit in the fourth quarter valued at approximately $717,000. CIBC Private Wealth Group LLC grew its position in shares of Intuit by 3.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,043 shares of the software maker’s stock valued at $16,108,000 after purchasing an additional 742 shares in the last quarter. Westpac Banking Corp grew its position in shares of Intuit by 8.4% in the fourth quarter. Westpac Banking Corp now owns 33,430 shares of the software maker’s stock valued at $21,503,000 after purchasing an additional 2,599 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Intuit in the fourth quarter valued at approximately $79,094,000. Finally, NovaPoint Capital LLC purchased a new stake in shares of Intuit in the fourth quarter valued at approximately $206,000. Institutional investors own 81.40% of the company’s stock.

In other Intuit news, EVP Laura A. Fennell sold 59,286 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total transaction of $28,162,628.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Alexander Chriss sold 368 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $478.84, for a total value of $176,213.12. The disclosure for this sale can be found here. Corporate insiders own 3.27% of the company’s stock.

A number of equities research analysts have recently issued reports on INTU shares. Deutsche Bank Aktiengesellschaft dropped their price target on Intuit from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Piper Sandler decreased their price objective on Intuit from $770.00 to $674.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Jefferies Financial Group decreased their price objective on Intuit from $790.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, February 25th. StockNews.com initiated coverage on Intuit in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, KeyCorp decreased their price objective on Intuit from $700.00 to $600.00 and set an “overweight” rating on the stock in a report on Monday, February 28th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $613.95.

Shares of Intuit stock traded down $25.83 during trading hours on Friday, reaching $418.75. 1,897,967 shares of the company were exchanged, compared to its average volume of 1,610,208. Intuit Inc. has a 1 year low of $385.66 and a 1 year high of $716.86. The stock’s fifty day moving average is $466.49 and its 200 day moving average is $552.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $118.43 billion, a PE ratio of 53.41, a PEG ratio of 3.34 and a beta of 1.12.

Intuit (NASDAQ:INTUGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The software maker reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.26). The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Intuit had a return on equity of 20.37% and a net margin of 19.03%. The firm’s revenue was up 69.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Research analysts expect that Intuit Inc. will post 8.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, April 8th. Intuit’s dividend payout ratio (DPR) is presently 34.69%.

About Intuit (Get Rating)

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 ProConnect.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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