Signaturefd LLC Purchases 139 Shares of Intuit Inc. (NASDAQ:INTU)

Signaturefd LLC raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,940 shares of the software maker’s stock after purchasing an additional 139 shares during the quarter. Signaturefd LLC’s holdings in Intuit were worth $3,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. LGT Financial Advisors LLC bought a new position in shares of Intuit in the second quarter worth about $25,000. Cultivar Capital Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $26,000. Fairway Wealth LLC acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Intuit during the 3rd quarter valued at approximately $27,000. Finally, Hobbs Group Advisors LLC purchased a new position in Intuit in the 2nd quarter valued at $35,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 1.3 %

Shares of NASDAQ:INTU traded down $8.15 on Tuesday, hitting $605.78. 290,132 shares of the company’s stock were exchanged, compared to its average volume of 1,318,761. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50 day simple moving average is $630.13 and its two-hundred day simple moving average is $627.52. The stock has a market capitalization of $169.34 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 3.04 and a beta of 1.24. Intuit Inc. has a 12 month low of $473.56 and a 12 month high of $676.62.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. Analysts anticipate that Intuit Inc. will post 14.04 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, October 10th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, October 10th. This is an increase from Intuit’s previous quarterly dividend of $0.90. Intuit’s payout ratio is currently 38.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Bank of America lifted their target price on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Jefferies Financial Group raised their price target on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Citigroup increased their price objective on Intuit from $727.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, June 28th. BMO Capital Markets lifted their price objective on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Barclays dropped their price objective on Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $735.71.

Insider Activity

In other news, CFO Sandeep Aujla sold 775 shares of Intuit stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $601.31, for a total transaction of $466,015.25. Following the sale, the chief financial officer now owns 4,451 shares in the company, valued at $2,676,430.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Intuit news, CFO Sandeep Aujla sold 775 shares of Intuit stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total transaction of $466,015.25. Following the transaction, the chief financial officer now owns 4,451 shares of the company’s stock, valued at $2,676,430.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 30,159 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the completion of the sale, the executive vice president now owns 52,038 shares of the company’s stock, valued at approximately $33,427,129.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock valued at $35,220,046 in the last ninety days. 2.90% of the stock is currently owned by company insiders.

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.