Intuit Inc. (NASDAQ:INTU) Shares Purchased by Nvwm LLC

Nvwm LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 2,071 shares of the software maker’s stock after buying an additional 39 shares during the period. Nvwm LLC’s holdings in Intuit were worth $1,346,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new stake in Intuit during the 4th quarter valued at approximately $25,000. West Branch Capital LLC lifted its holdings in Intuit by 79.2% during the 1st quarter. West Branch Capital LLC now owns 43 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the last quarter. MCF Advisors LLC lifted its holdings in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Intuit during the 4th quarter worth approximately $38,000. Finally, Sachetta LLC bought a new position in Intuit during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU traded up $12.54 during mid-day trading on Friday, reaching $641.95. The company had a trading volume of 1,044,892 shares, compared to its average volume of 1,308,745. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $179.46 billion, a PE ratio of 59.22, a P/E/G ratio of 3.60 and a beta of 1.23. The company has a 50-day moving average price of $623.58 and a two-hundred day moving average price of $630.54. Intuit Inc. has a 1-year low of $473.56 and a 1-year high of $676.62.

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

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, July 10th. Intuit’s payout ratio is 33.21%.

Insider Buying and Selling

In related news, insider Scott D. Cook sold 14,748 shares of Intuit stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $567.40, for a total value of $8,368,015.20. Following the transaction, the insider now directly owns 6,701,721 shares in the company, valued at approximately $3,802,556,495.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Scott D. Cook sold 14,748 shares of Intuit stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $567.40, for a total transaction of $8,368,015.20. Following the transaction, the insider now owns 6,701,721 shares in the company, valued at $3,802,556,495.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total value of $44,838,750.00. Following the transaction, the insider now owns 6,791,469 shares in the company, valued at approximately $4,060,279,741.65. The disclosure for this sale can be found here. Insiders have sold 195,963 shares of company stock worth $114,442,445 in the last three months. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on INTU shares. Wells Fargo & Company increased their target price on Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Stifel Nicolaus reduced their target price on Intuit from $720.00 to $690.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Citigroup increased their target price on Intuit from $727.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $770.00 target price on shares of Intuit in a report on Thursday, June 13th. Finally, KeyCorp raised their price target on Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average target price of $687.22.

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.