Golden State Equity Partners Has $206,000 Stake in Intuit Inc. (NASDAQ:INTU)

Golden State Equity Partners boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 140.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 327 shares of the software maker’s stock after acquiring an additional 191 shares during the period. Golden State Equity Partners’ holdings in Intuit were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank increased its holdings in Intuit by 6.7% in the 3rd quarter. Czech National Bank now owns 56,946 shares of the software maker’s stock valued at $35,363,000 after buying an additional 3,594 shares during the period. Diversified Trust Co increased its holdings in Intuit by 19.0% in the 3rd quarter. Diversified Trust Co now owns 5,363 shares of the software maker’s stock valued at $3,330,000 after buying an additional 858 shares during the period. Miracle Mile Advisors LLC increased its holdings in Intuit by 7.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,928 shares of the software maker’s stock valued at $2,439,000 after buying an additional 281 shares during the period. Fulton Bank N.A. increased its holdings in Intuit by 2.6% in the 3rd quarter. Fulton Bank N.A. now owns 1,866 shares of the software maker’s stock valued at $1,159,000 after buying an additional 47 shares during the period. Finally, Bath Savings Trust Co increased its holdings in Intuit by 0.8% in the 3rd quarter. Bath Savings Trust Co now owns 49,623 shares of the software maker’s stock valued at $30,816,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a report on Wednesday, January 15th. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Stifel Nicolaus decreased their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Barclays decreased their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank assumed 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $726.53.

Insider Transactions at Intuit

In related news, CEO Sasan K. Goodarzi sold 26,562 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the transaction, the chief executive officer now directly owns 37,869 shares of the company’s stock, valued at $23,701,828.41. This represents a 41.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,014 shares of company stock worth $188,992,187. Company insiders own 2.68% of the company’s stock.

Intuit Stock Down 1.5 %

Shares of NASDAQ INTU opened at $591.72 on Wednesday. The company has a market capitalization of $165.63 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78. 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’s 50 day moving average price is $630.27 and its 200-day moving average price is $633.00.

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

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were given a $1.04 dividend. The ex-dividend date was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.70%. Intuit’s dividend payout ratio (DPR) is currently 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.