Privium Fund Management UK Ltd Takes Position in Intuit Inc. (NASDAQ:INTU)

Privium Fund Management UK Ltd bought a new stake in Intuit Inc. (NASDAQ:INTUFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,704 shares of the software maker’s stock, valued at approximately $1,065,000.

Other large investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. boosted its position in Intuit by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,181 shares of the software maker’s stock worth $738,000 after acquiring an additional 16 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Intuit by 1.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,564 shares of the software maker’s stock worth $978,000 after purchasing an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Intuit by 3.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 449 shares of the software maker’s stock valued at $281,000 after purchasing an additional 16 shares in the last quarter. GAM Holding AG boosted its stake in shares of Intuit by 0.3% during the 4th quarter. GAM Holding AG now owns 5,873 shares of the software maker’s stock worth $3,671,000 after buying an additional 17 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its position in shares of Intuit by 2.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 716 shares of the software maker’s stock valued at $448,000 after acquiring an additional 17 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Up 0.2 %

INTU traded up $1.25 during midday trading on Friday, reaching $573.90. 1,048,593 shares of the company were exchanged, compared to its average volume of 1,577,047. The company has a market cap of $160.43 billion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 3.28 and a beta of 1.21. Intuit Inc. has a one year low of $419.30 and a one year high of $676.62. The company’s fifty day moving average price is $622.14 and its 200 day moving average price is $623.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50.

Intuit (NASDAQ:INTUGet Free Report) last announced its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $7.80 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts expect that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 annualized dividend and a dividend yield of 0.63%. Intuit’s payout ratio is presently 33.21%.

Insider Activity

In other news, EVP Alex G. Balazs sold 280 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Intuit news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott D. Cook sold 14,748 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $567.40, for a total value of $8,368,015.20. Following the sale, the insider now owns 6,701,721 shares in the company, valued at $3,802,556,495.40. The disclosure for this sale can be found here. Insiders have sold 91,908 shares of company stock valued at $54,521,562 in the last 90 days. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTU shares. BMO Capital Markets reissued an “outperform” rating and set a $700.00 target price on shares of Intuit in a report on Tuesday, March 26th. Oppenheimer lifted their target price on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Wells Fargo & Company increased their price target on shares of Intuit from $725.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Barclays raised their price objective on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Jefferies Financial Group increased their target price on Intuit from $760.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Four 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $679.41.

Read Our Latest Research Report on Intuit

Intuit Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTUFree Report).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.