Intuit Inc. (NASDAQ:INTU) Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC raised its holdings in Intuit Inc. (NASDAQ:INTUFree Report) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,261 shares of the software maker’s stock after acquiring an additional 126 shares during the period. Personal CFO Solutions LLC’s holdings in Intuit were worth $1,413,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Intuit by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 25,331,318 shares of the software maker’s stock worth $12,942,784,000 after buying an additional 117,478 shares during the last quarter. FMR LLC boosted its position in Intuit by 5.0% in the 3rd quarter. FMR LLC now owns 5,636,635 shares of the software maker’s stock valued at $2,879,982,000 after buying an additional 266,803 shares during the last quarter. Morgan Stanley lifted its position in shares of Intuit by 3.7% during the third quarter. Morgan Stanley now owns 3,848,401 shares of the software maker’s stock worth $1,966,304,000 after purchasing an additional 137,198 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Intuit by 2.3% during the fourth quarter. Brown Advisory Inc. now owns 3,548,119 shares of the software maker’s stock worth $2,217,681,000 after purchasing an additional 80,517 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Intuit during the fourth quarter worth about $2,101,848,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $700.00 price objective on shares of Intuit in a research note on Tuesday, March 26th. KeyCorp raised their price objective on shares of Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Piper Sandler increased their target price on shares of Intuit from $750.00 to $760.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Susquehanna cut their target price on shares of Intuit from $775.00 to $757.00 and set a “positive” rating for the company in a research report on Friday, May 24th. Finally, Barclays raised their price target on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $679.41.

Read Our Latest Research Report on Intuit

Insider Activity

In other Intuit news, 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 value of $178,186.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Mark P. Notarainni sold 465 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total value of $281,129.70. Following the completion of the transaction, the executive vice president now owns 869 shares in the company, valued at $525,380.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alex G. Balazs sold 280 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 91,908 shares of company stock worth $54,521,562. Corporate insiders own 2.90% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU traded up $1.25 during midday trading on Friday, hitting $573.90. The company had a trading volume of 1,048,593 shares, compared to its average volume of 1,577,047. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $160.43 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 3.28 and a beta of 1.21. The firm has a fifty day simple moving average of $622.14 and a two-hundred day simple moving average of $623.89. Intuit Inc. has a fifty-two week low of $419.30 and a fifty-two week high of $676.62.

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

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a dividend yield of 0.63%. Intuit’s dividend payout ratio (DPR) is currently 33.21%.

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.

See Also

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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