Murphy & Mullick Capital Management Corp Makes New Investment in Intuit Inc. (NASDAQ:INTU)

Murphy & Mullick Capital Management Corp acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 272 shares of the software maker’s stock, valued at approximately $171,000.

Several other large investors also recently modified their holdings of INTU. Kingsview Wealth Management LLC lifted its stake in Intuit by 28.9% in the third quarter. Kingsview Wealth Management LLC now owns 1,576 shares of the software maker’s stock valued at $978,000 after buying an additional 353 shares during the period. Larson Financial Group LLC increased its stake in shares of Intuit by 38.2% in the 3rd quarter. Larson Financial Group LLC now owns 300 shares of the software maker’s stock valued at $186,000 after acquiring an additional 83 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Intuit during the 3rd quarter valued at $1,291,000. D.A. Davidson & CO. boosted its stake in Intuit by 3.7% during the third quarter. D.A. Davidson & CO. now owns 9,603 shares of the software maker’s stock worth $5,964,000 after acquiring an additional 343 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in Intuit by 1,027.3% in the third quarter. Quantbot Technologies LP now owns 124 shares of the software maker’s stock worth $77,000 after purchasing an additional 113 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. Scotiabank reduced their price objective on Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research report on Wednesday, January 15th. Finally, Morgan Stanley upgraded Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 target price on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $721.61.

Intuit Stock Performance

INTU stock opened at $614.86 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $171.89 billion, a PE ratio of 59.70, a P/E/G ratio of 2.85 and a beta of 1.27. The business has a 50 day moving average of $595.84 and a 200-day moving average of $622.71. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is presently 38.81%.

Insider Transactions at Intuit

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the sale, the executive vice president now owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. The trade was a 27.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marianna Tessel sold 7,385 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. The trade was a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,896 shares of company stock worth $82,946,716 in the last ninety days. Company insiders own 2.68% of the company’s stock.

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.