Moloney Securities Asset Management LLC Has $1.71 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Moloney Securities Asset Management LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,717 shares of the software maker’s stock after purchasing an additional 20 shares during the period. Moloney Securities Asset Management LLC’s holdings in Intuit were worth $1,708,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Forbes J M & Co. LLP increased its stake in Intuit by 28.5% in the 4th quarter. Forbes J M & Co. LLP now owns 2,374 shares of the software maker’s stock valued at $1,492,000 after buying an additional 526 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Intuit by 14.6% during the 4th quarter. Apollon Wealth Management LLC now owns 12,452 shares of the software maker’s stock valued at $7,826,000 after acquiring an additional 1,589 shares in the last quarter. Vest Financial LLC increased its stake in shares of Intuit by 28.7% in the fourth quarter. Vest Financial LLC now owns 3,033 shares of the software maker’s stock worth $1,906,000 after acquiring an additional 676 shares during the last quarter. BayBridge Capital Group LLC raised its holdings in shares of Intuit by 3.4% during the fourth quarter. BayBridge Capital Group LLC now owns 1,938 shares of the software maker’s stock worth $1,218,000 after acquiring an additional 63 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of Intuit by 9.6% during the fourth quarter. Cidel Asset Management Inc. now owns 390 shares of the software maker’s stock worth $245,000 after acquiring an additional 34 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Down 1.9 %

Shares of INTU opened at $578.85 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $626.20 and a 200-day simple moving average of $631.62. Intuit Inc. has a 52 week low of $557.29 and a 52 week high of $714.78. The firm has a market capitalization of $162.03 billion, a P/E ratio of 56.20, a P/E/G ratio of 2.91 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.72%. Intuit’s dividend payout ratio (DPR) is currently 40.39%.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $628.50, for a total transaction of $68,506.50. Following the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 293,014 shares of company stock worth $188,992,187. Company insiders own 2.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus dropped their target price on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group increased their price objective on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Barclays reduced their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank began coverage on shares of Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. Finally, StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Intuit Company 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.