Blue Trust Inc. Has $1.87 Million Position in Intuit Inc. (NASDAQ:INTU)

Blue Trust Inc. grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,004 shares of the software maker's stock after acquiring an additional 810 shares during the quarter. Blue Trust Inc.'s holdings in Intuit were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in Intuit by 37.3% in the 2nd quarter. AQR Capital Management LLC now owns 50,487 shares of the software maker's stock worth $32,954,000 after acquiring an additional 13,721 shares during the period. Creative Planning boosted its holdings in Intuit by 0.6% in the 2nd quarter. Creative Planning now owns 50,716 shares of the software maker's stock worth $33,331,000 after acquiring an additional 317 shares during the period. NewEdge Advisors LLC boosted its holdings in Intuit by 19.5% in the 2nd quarter. NewEdge Advisors LLC now owns 21,979 shares of the software maker's stock worth $14,445,000 after acquiring an additional 3,583 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Intuit by 7.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,343 shares of the software maker's stock worth $11,396,000 after acquiring an additional 1,230 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of Intuit during the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares of the company's stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now owns 1,864 shares of the company's stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 in the last quarter. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

INTU stock traded down $5.96 during trading hours on Tuesday, hitting $600.66. 1,674,952 shares of the stock traded hands, compared to its average volume of 1,750,290. The stock has a 50-day simple moving average of $635.24 and a 200 day simple moving average of $634.84. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market cap of $168.13 billion, a P/E ratio of 58.32, a P/E/G ratio of 3.01 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU - Get Free Report) last announced its 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 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 analysts' expectations of $3.14 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. Intuit's dividend payout ratio (DPR) is 40.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on INTU shares. Piper Sandler reiterated an "overweight" rating and set a $765.00 target price on shares of Intuit in a research note on Friday, January 10th. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price for the company. in a research note on Wednesday, January 15th. Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, StockNews.com upgraded Intuit from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

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.