Intuit Inc. (NASDAQ:INTU) is Bey Douglas LLC’s 8th Largest Position

Bey Douglas LLC cut its position in Intuit Inc. (NASDAQ:INTU) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,789 shares of the software maker’s stock after selling 55 shares during the quarter. Intuit comprises about 5.3% of Bey Douglas LLC’s holdings, making the stock its 8th largest position. Bey Douglas LLC’s holdings in Intuit were worth $6,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its holdings in Intuit by 5.6% in the 3rd quarter. Creative Planning now owns 53,552 shares of the software maker’s stock worth $33,256,000 after buying an additional 2,836 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Intuit by 4.4% in the third quarter. SeaCrest Wealth Management LLC now owns 687 shares of the software maker’s stock worth $427,000 after acquiring an additional 29 shares during the period. Kowal Investment Group LLC grew its position in shares of Intuit by 103.7% in the third quarter. Kowal Investment Group LLC now owns 768 shares of the software maker’s stock valued at $477,000 after purchasing an additional 391 shares in the last quarter. Naviter Wealth LLC raised its stake in shares of Intuit by 5.2% during the 3rd quarter. Naviter Wealth LLC now owns 2,870 shares of the software maker’s stock valued at $1,782,000 after purchasing an additional 141 shares during the period. Finally, Good Life Advisors LLC purchased a new stake in Intuit during the 3rd quarter worth about $367,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 1.3 %

Shares of NASDAQ INTU opened at $583.90 on Friday. The stock has a market capitalization of $163.45 billion, a P/E ratio of 56.69, a PEG ratio of 2.91 and a beta of 1.24. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The firm’s 50 day simple moving average is $622.69 and its two-hundred day simple moving average is $630.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for 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 firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. As a group, analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 in the last ninety days. 2.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 target price on shares of Intuit in a report on Friday, November 22nd. Jefferies Financial Group boosted their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Scotiabank assumed coverage on shares of Intuit in a research note on Monday, November 18th. They issued a “sector perform” rating and a $700.00 target price on the stock. Barclays reduced their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

About Intuit

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.