Intuit Inc. (NASDAQ:INTU) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,362 shares of the software maker’s stock after acquiring an additional 426 shares during the quarter. Intuit comprises approximately 0.6% of Linden Thomas Advisory Services LLC’s portfolio, making the stock its 22nd biggest position. Linden Thomas Advisory Services LLC’s holdings in Intuit were worth $4,627,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cyndeo Wealth Partners LLC grew its holdings in shares of Intuit by 3.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 6,862 shares of the software maker’s stock worth $4,313,000 after buying an additional 244 shares in the last quarter. Cottonwood Capital Advisors LLC boosted its stake in Intuit by 31.0% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 486 shares of the software maker’s stock valued at $305,000 after acquiring an additional 115 shares during the last quarter. Gradient Investments LLC raised its position in shares of Intuit by 11.3% during the 4th quarter. Gradient Investments LLC now owns 29,181 shares of the software maker’s stock valued at $18,340,000 after acquiring an additional 2,960 shares in the last quarter. Benin Management CORP lifted its holdings in Intuit by 8.6% in the fourth quarter. Benin Management CORP now owns 453 shares of the software maker’s stock worth $285,000 after acquiring an additional 36 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new position in shares of Intuit during the fourth quarter worth about $401,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research report on Friday, November 22nd. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price for the company. in a research report on Wednesday, January 15th. Finally, Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $726.53.

Insider Activity

In other news, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was 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. This trade represents a 97.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock worth $188,992,187 over the last 90 days. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Down 0.1 %

NASDAQ INTU opened at $597.95 on Friday. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day moving average price of $636.69 and a 200-day moving average price of $635.10. The company has a market capitalization of $167.38 billion, a P/E ratio of 58.05, a P/E/G ratio of 3.01 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company posted $1.14 EPS. Intuit’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Intuit Company 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.