Intuit Inc. (NASDAQ:INTU) Stock Position Raised by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its position in Intuit Inc. (NASDAQ:INTU) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 513 shares of the software maker’s stock after acquiring an additional 23 shares during the period. Rosenberg Matthew Hamilton’s holdings in Intuit were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. Signal Advisors Wealth LLC boosted its position in shares of Intuit by 8.7% in the fourth quarter. Signal Advisors Wealth LLC now owns 700 shares of the software maker’s stock worth $440,000 after buying an additional 56 shares during the period. Traveka Wealth LLC lifted its stake in Intuit by 7.8% in the 4th quarter. Traveka Wealth LLC now owns 611 shares of the software maker’s stock worth $384,000 after acquiring an additional 44 shares in the last quarter. Unique Wealth LLC boosted its position in Intuit by 8.7% during the 4th quarter. Unique Wealth LLC now owns 4,015 shares of the software maker’s stock worth $2,523,000 after acquiring an additional 322 shares during the period. First Financial Corp IN purchased a new position in Intuit during the 4th quarter valued at about $72,000. Finally, Miracle Mile Advisors LLC increased its holdings in shares of Intuit by 7.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 4,239 shares of the software maker’s stock valued at $2,664,000 after purchasing an additional 311 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Laura A. Fennell sold 4,788 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the transaction, the executive vice president now directly owns 30,010 shares of the company’s stock, valued at $18,414,736.20. This represents a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock valued at $188,992,187 in the last three months. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INTU. Morgan Stanley raised their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Barclays decreased 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. JPMorgan Chase & Co. boosted their price target on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective for the company. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $737.44.

Intuit Trading Down 1.6 %

NASDAQ:INTU opened at $613.22 on Tuesday. 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 company’s 50 day moving average is $649.47 and its 200-day moving average is $637.94. The firm has a market cap of $171.65 billion, a price-to-earnings ratio of 59.54, a P/E/G ratio of 3.24 and a beta of 1.25. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. Equities analysts anticipate that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Announces Dividend

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

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.