Intuit Inc. (NASDAQ:INTU) is Liberty Capital Management Inc.’s 6th Largest Position

Liberty Capital Management Inc. raised its position in Intuit Inc. (NASDAQ:INTU) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 21,002 shares of the software maker’s stock after buying an additional 25 shares during the quarter. Intuit accounts for 2.9% of Liberty Capital Management Inc.’s holdings, making the stock its 6th biggest position. Liberty Capital Management Inc.’s holdings in Intuit were worth $13,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. R Squared Ltd purchased a new stake in Intuit in the fourth quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new position in Intuit in the 3rd quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit during the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Intuit in the fourth quarter valued at about $29,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Jefferies Financial Group increased their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Oppenheimer boosted their price objective on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the transaction, the executive vice president now owns 489 shares in the company, valued at $325,664.22. The trade was a 97.99 % 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 valued at $188,992,187. Insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $578.85 on Monday. The company has a 50-day simple moving average of $626.20 and a 200-day simple moving average of $631.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $162.03 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. 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 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company earned $1.14 EPS. Intuit’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors 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 yield of 0.72%. Intuit’s dividend payout ratio (DPR) is presently 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.