Intuit Inc. (NASDAQ:INTU) Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,440 shares of the software maker’s stock after acquiring an additional 45 shares during the period. NorthRock Partners LLC’s holdings in Intuit were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INTU. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit during the 4th quarter worth about $25,000. West Branch Capital LLC boosted its stake in Intuit by 79.2% during the 1st quarter. West Branch Capital LLC now owns 43 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares in the last quarter. MCF Advisors LLC increased its position in shares of Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Intuit in the 4th quarter worth $38,000. Finally, Sachetta LLC acquired a new stake in shares of Intuit in the fourth quarter valued at $39,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

INTU traded up $16.23 during midday trading on Monday, reaching $658.18. 1,043,759 shares of the company’s stock were exchanged, compared to its average volume of 1,338,073. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $623.58 and a two-hundred day simple moving average of $630.55. The firm has a market capitalization of $183.99 billion, a price-to-earnings ratio of 60.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.23. Intuit Inc. has a one year low of $473.56 and a one year high of $676.62.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 23rd. The software maker reported $9.88 EPS for the quarter, beating the consensus estimate of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the firm earned $7.80 EPS. Intuit’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts predict that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 10th. Intuit’s payout ratio is 33.21%.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 1,061 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total value of $690,997.47. Following the transaction, the chief financial officer now owns 3,333 shares of the company’s stock, valued at $2,170,682.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intuit news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total transaction of $44,838,750.00. Following the transaction, the insider now owns 6,791,469 shares of the company’s stock, valued at approximately $4,060,279,741.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,061 shares of Intuit stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $651.27, for a total value of $690,997.47. Following the completion of the sale, the chief financial officer now directly owns 3,333 shares of the company’s stock, valued at $2,170,682.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,963 shares of company stock worth $114,442,445. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several research reports. UBS Group boosted their price target on shares of Intuit from $625.00 to $670.00 and gave the stock a “neutral” rating in a research report on Monday, May 20th. Morgan Stanley boosted their price objective on Intuit from $680.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Citigroup lifted their target price on shares of Intuit from $727.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Erste Group Bank restated a “hold” rating on shares of Intuit in a research report on Friday, June 14th. Finally, Susquehanna cut their target price on shares of Intuit from $775.00 to $757.00 and set a “positive” rating on the stock in a research note on Friday, May 24th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $687.22.

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.