Fulcrum Capital LLC Purchases 138 Shares of Intuit Inc. (NASDAQ:INTU)

Fulcrum Capital LLC raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,944 shares of the software maker’s stock after purchasing an additional 138 shares during the quarter. Intuit accounts for approximately 1.7% of Fulcrum Capital LLC’s holdings, making the stock its 20th biggest position. Fulcrum Capital LLC’s holdings in Intuit were worth $8,135,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Intuit during the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in Intuit in the 3rd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in shares of Intuit during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC raised its holdings in shares of Intuit by 110.3% during the 3rd quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after acquiring an additional 32 shares in the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Intuit by 10.6% during the 3rd quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock worth $47,000 after acquiring an additional 720 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTU. Scotiabank began coverage on Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Barclays decreased their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group upped their price objective on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $737.44.

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the company’s 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 transaction, the insider now owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,300 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $626.42, for a total transaction of $814,346.00. Following the completion of the sale, the chief financial officer now owns 644 shares in the company, valued at $403,414.48. The trade was a 66.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 291,936 shares of company stock worth $188,324,604. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Down 1.5 %

NASDAQ:INTU traded down $9.27 during midday trading on Monday, reaching $614.16. 745,309 shares of the stock traded hands, compared to its average volume of 1,257,692. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The business has a 50-day moving average of $649.58 and a two-hundred day moving average of $638.21. 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 stock has a market capitalization of $171.91 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Intuit’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. Intuit’s payout ratio is 40.39%.

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.