Bath Savings Trust Co Buys 55 Shares of Intuit Inc. (NASDAQ:INTU)

Bath Savings Trust Co increased its stake in Intuit Inc. (NASDAQ:INTU) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,678 shares of the software maker’s stock after purchasing an additional 55 shares during the period. Intuit makes up 3.2% of Bath Savings Trust Co’s holdings, making the stock its 7th largest position. Bath Savings Trust Co’s holdings in Intuit were worth $31,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Intuit in the second quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intuit in the third quarter valued at about $27,000. Denver PWM LLC bought a new stake in Intuit during the third quarter worth about $32,000. Trifecta Capital Advisors LLC boosted its position in Intuit by 145.8% during the second quarter. Trifecta Capital Advisors LLC now owns 59 shares of the software maker’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in Intuit by 275.0% in the second quarter. HHM Wealth Advisors LLC now owns 60 shares of the software maker’s stock valued at $39,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CEO Sasan K. Goodarzi sold 75,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the completion of the transaction, the chief executive officer now owns 35,776 shares of the company’s stock, valued at approximately $22,542,457.60. The trade was a 67.70 % 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, EVP Mark P. Notarainni sold 363 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total transaction of $228,145.50. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $11,941.50. The trade was a 95.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 289,848 shares of company stock worth $187,041,365 over the last three months. Insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of INTU stock traded down $9.18 during trading on Tuesday, hitting $615.98. The company had a trading volume of 450,783 shares, compared to its average volume of 967,878. The stock’s 50-day moving average price is $649.30 and its 200 day moving average price is $638.45. The firm has a market capitalization of $172.42 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share 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 business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Intuit’s revenue was up 10.2% compared to the same quarter last year. Equities analysts expect that Intuit Inc. will post 14.07 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.68%. Intuit’s dividend payout ratio is currently 40.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on INTU shares. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley increased their price target on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Jefferies Financial Group raised their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $737.44.

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.