Coldstream Capital Management Inc. Purchases 1,097 Shares of Intuit Inc. (NASDAQ:INTU)

Coldstream Capital Management Inc. boosted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,584 shares of the software maker's stock after buying an additional 1,097 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Intuit were worth $4,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of INTU. Harvest Portfolios Group Inc. lifted its stake in Intuit by 5.4% in the third quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker's stock valued at $22,295,000 after acquiring an additional 1,853 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Intuit by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,838 shares of the software maker's stock valued at $2,383,000 after purchasing an additional 968 shares in the last quarter. Retireful LLC acquired a new stake in shares of Intuit in the 3rd quarter valued at $740,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Intuit in the third quarter worth $56,144,000. Finally, Howe & Rusling Inc. increased its position in Intuit by 8.0% during the third quarter. Howe & Rusling Inc. now owns 10,857 shares of the software maker's stock worth $6,742,000 after buying an additional 808 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INTU. Morgan Stanley boosted their price target on Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. StockNews.com lowered Intuit from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th. Barclays lowered their price target on Intuit from $800.00 to $775.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Oppenheimer boosted their price objective on Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Finally, Susquehanna reissued a "positive" rating and issued a $757.00 price target on shares of Intuit in a report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average price target of $737.44.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the transaction, the chief financial officer now owns 4,451 shares of the company's stock, valued at $2,676,430.81. This represents a 14.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 2,461 shares of Intuit stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total value of $1,568,124.59. Following the sale, the insider now directly owns 6,453,105 shares of the company's stock, valued at approximately $4,111,853,974.95. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 126,732 shares of company stock worth $81,378,070 in the last quarter. Insiders own 2.68% of the company's stock.

Intuit Price Performance

NASDAQ INTU traded up $23.49 during trading hours on Wednesday, reaching $670.56. 1,868,420 shares of the company's stock were exchanged, compared to its average volume of 1,365,645. The firm has a fifty day moving average of $636.41 and a 200-day moving average of $630.71. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The stock has a market cap of $187.70 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 3.19 and a beta of 1.24. 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 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, equities research analysts predict that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.

Intuit Announces Dividend

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