First National Trust Co Purchases 84 Shares of Intuit Inc. (NASDAQ:INTU)

First National Trust Co increased its position in Intuit Inc. (NASDAQ:INTU) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 975 shares of the software maker’s stock after acquiring an additional 84 shares during the quarter. First National Trust Co’s holdings in Intuit were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTU. OFI Invest Asset Management acquired a new position in shares of Intuit during the 3rd quarter worth about $51,000. V Square Quantitative Management LLC lifted its holdings in shares of Intuit by 18.8% during the third quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after buying an additional 482 shares during the last quarter. Glenmede Trust Co. NA boosted its position 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 during the period. Hixon Zuercher LLC acquired a new stake in shares of Intuit in the fourth quarter worth $1,292,000. Finally, Signature Wealth Management Group bought a new position in Intuit during the fourth quarter worth $1,747,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTU shares. Wells Fargo & Company raised their price target on shares of Intuit from $615.00 to $710.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Mizuho upped their price target on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price objective on shares of Intuit in a report on Tuesday, March 26th. Finally, Susquehanna boosted their price objective on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $650.23.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intuit news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction on 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 directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is owned by company insiders.

Intuit Trading Up 2.5 %

Shares of Intuit stock traded up $15.23 during trading on Friday, reaching $629.27. 1,109,512 shares of the company were exchanged, compared to its average volume of 1,209,705. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01. The business has a 50-day moving average price of $637.56 and a 200-day moving average price of $605.68. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $176.20 billion, a price-to-earnings ratio of 64.21, a P/E/G ratio of 3.83 and a beta of 1.22.

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

Intuit Dividend Announcement

The company 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio is currently 36.73%.

About Intuit

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.