Virtu Financial LLC Takes Position in Intuit Inc. (NASDAQ:INTU)

Virtu Financial LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,087 shares of the software maker's stock, valued at approximately $7,506,000. Intuit comprises approximately 0.4% of Virtu Financial LLC's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. Invst LLC purchased a new stake in shares of Intuit during the third quarter valued at $203,000. Unigestion Holding SA purchased a new stake in shares of Intuit during the third quarter valued at $1,136,000. Soltis Investment Advisors LLC grew its holdings in shares of Intuit by 13.8% during the third quarter. Soltis Investment Advisors LLC now owns 428 shares of the software maker's stock valued at $266,000 after buying an additional 52 shares during the last quarter. Arete Wealth Advisors LLC lifted its position in Intuit by 20.0% during the third quarter. Arete Wealth Advisors LLC now owns 540 shares of the software maker's stock valued at $334,000 after purchasing an additional 90 shares during the period. Finally, Toronto Dominion Bank lifted its position in Intuit by 3.6% during the third quarter. Toronto Dominion Bank now owns 168,722 shares of the software maker's stock valued at $104,776,000 after purchasing an additional 5,840 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 2,461 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the transaction, the insider now directly owns 6,453,105 shares of the company's stock, valued at $4,111,853,974.95. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 775 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 4,451 shares in the company, valued at $2,676,430.81. This trade represents a 14.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,732 shares of company stock worth $81,378,070. 2.68% of the stock is currently owned by insiders.

Intuit Price Performance

Shares of INTU traded down $3.47 during mid-day trading on Thursday, hitting $667.09. 706,423 shares of the company were exchanged, compared to its average volume of 1,362,830. The company has a 50 day moving average of $637.67 and a 200-day moving average of $630.99. Intuit Inc. has a 1-year low of $557.29 and a 1-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 market cap of $186.73 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 3.19 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating 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 company posted $1.14 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Intuit Inc. will post 14.07 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be issued a $1.04 dividend. The ex-dividend date is Thursday, January 9th. This represents a $4.16 annualized dividend and a dividend yield of 0.62%. Intuit's dividend payout ratio is currently 40.39%.

Analyst Ratings Changes

A number of research firms recently issued reports on INTU. Susquehanna restated a "positive" rating and set a $757.00 target price on shares of Intuit in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Barclays decreased their target price on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Bank of America boosted their target price on shares of Intuit from $730.00 to $780.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $737.44.

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.