Intuit Inc. (NASDAQ:INTU) is Charles Carroll Financial Partners LLC’s 7th Largest Position

Charles Carroll Financial Partners LLC lessened its stake in Intuit Inc. (NASDAQ:INTU) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,307 shares of the software maker’s stock after selling 25 shares during the period. Intuit accounts for approximately 5.6% of Charles Carroll Financial Partners LLC’s investment portfolio, making the stock its 7th largest holding. Charles Carroll Financial Partners LLC’s holdings in Intuit were worth $5,192,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Parnassus Investments LLC grew its stake in Intuit by 42,268.5% during the 3rd quarter. Parnassus Investments LLC now owns 610,954 shares of the software maker’s stock worth $312,161,000 after buying an additional 609,512 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Intuit by 61.5% during the third quarter. Wellington Management Group LLP now owns 1,350,929 shares of the software maker’s stock valued at $690,244,000 after acquiring an additional 514,259 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Intuit by 60,534.9% in the 4th quarter. International Assets Investment Management LLC now owns 472,952 shares of the software maker’s stock valued at $295,609,000 after purchasing an additional 472,172 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Intuit by 9.5% in the fourth quarter. Fisher Asset Management LLC now owns 3,114,957 shares of the software maker’s stock worth $1,946,943,000 after buying an additional 270,414 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Intuit by 5.0% in the third quarter. FMR LLC now owns 5,636,635 shares of the software maker’s stock worth $2,879,982,000 after buying an additional 266,803 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Mizuho raised their target price on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $700.00 target price on shares of Intuit in a research report on Tuesday, March 26th. 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. Piper Sandler lifted their price objective on shares of Intuit from $642.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Susquehanna increased their price objective on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $650.23.

Insider Activity at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, 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 completion of the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,717 shares of company stock valued at $3,117,156. Corporate insiders own 2.90% of the company’s stock.

Intuit Price Performance

Shares of INTU stock traded up $15.23 on Friday, reaching $629.27. 1,109,512 shares of the company were exchanged, compared to its average volume of 1,209,705. The company has a market cap 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 Inc. has a 1 year low of $400.22 and a 1 year 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 debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Equities research analysts forecast that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. Intuit’s payout ratio is presently 36.73%.

Intuit 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.