Chatham Capital Group Inc. Purchases New Holdings in Intuit Inc. (NASDAQ:INTU)

Chatham Capital Group Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 348 shares of the software maker’s stock, valued at approximately $219,000.

Several other institutional investors have also made changes to their positions in INTU. R Squared Ltd bought a new stake in shares of Intuit in the fourth quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Intuit during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit during the fourth quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Intuit during the fourth quarter valued at approximately $29,000. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 73,655 shares of Intuit stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the completion of the transaction, the insider now owns 6,301,286 shares in the company, valued at approximately $4,189,977,112.84. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the transaction, the executive vice president now owns 489 shares of the company’s stock, valued at $325,664.22. This trade represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,811 shares of company stock worth $142,391,012. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock opened at $609.61 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $602.28 and a two-hundred day moving average price of $625.73. Intuit Inc. has a 1-year low of $553.24 and a 1-year high of $714.78. The company has a market cap of $170.42 billion, a P/E ratio of 59.19, a PEG ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. Intuit’s payout ratio is currently 38.81%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upgraded shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective for the company in a research report on Wednesday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Stifel Nicolaus lowered 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. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a report on Wednesday, January 15th. Finally, Barclays lowered their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $721.61.

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.