Intuit Inc. (NASDAQ:INTU) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC cut its holdings in Intuit Inc. (NASDAQ:INTUFree Report) by 6.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,316 shares of the software maker’s stock after selling 86 shares during the period. Richard W. Paul & Associates LLC’s holdings in Intuit were worth $823,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewSquare Capital LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit in the 3rd quarter worth approximately $26,000. Steward Financial Group LLC raised its holdings in shares of Intuit by 50.0% in the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Aspire Private Capital LLC raised its holdings in shares of Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after purchasing an additional 39 shares in the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Intuit in the 4th quarter worth approximately $41,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other news, EVP Laura A. Fennell sold 14,771 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $589.60, for a total value of $8,708,981.60. Following the completion of the sale, the executive vice president now directly owns 50,030 shares of the company’s stock, valued at $29,497,688. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intuit news, EVP Laura A. Fennell sold 14,772 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $598.52, for a total transaction of $8,841,337.44. Following the transaction, the executive vice president now owns 50,030 shares in the company, valued at approximately $29,943,955.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 14,771 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $589.60, for a total value of $8,708,981.60. Following the transaction, the executive vice president now owns 50,030 shares in the company, valued at approximately $29,497,688. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,260 shares of company stock valued at $20,667,475. Insiders own 2.90% of the company’s stock.

Intuit Stock Performance

Shares of INTU traded up $1.29 on Wednesday, reaching $627.88. 614,457 shares of the stock traded hands, compared to its average volume of 1,238,737. The stock’s 50-day moving average price is $648.06 and its 200-day moving average price is $590.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $175.81 billion, a price-to-earnings ratio of 64.54, a P/E/G ratio of 3.90 and a beta of 1.21. Intuit Inc. has a 12 month low of $400.22 and a 12 month high of $671.01.

Intuit (NASDAQ:INTUGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Equities analysts forecast that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s payout ratio is presently 36.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Oppenheimer lifted their target price on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their target price on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. KeyCorp lifted their target price on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Finally, Mizuho boosted their price objective on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

Read Our Latest Report on INTU

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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