Disciplined Growth Investors Inc. MN Has $122.84 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Disciplined Growth Investors Inc. MN lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,805 shares of the software maker's stock after buying an additional 2,640 shares during the quarter. Intuit makes up 2.3% of Disciplined Growth Investors Inc. MN's investment portfolio, making the stock its 17th largest position. Disciplined Growth Investors Inc. MN owned about 0.07% of Intuit worth $122,837,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LGT Financial Advisors LLC purchased a new position in Intuit in the second quarter valued at approximately $25,000. Cultivar Capital Inc. acquired a new stake in shares of Intuit in the second quarter worth $26,000. Fairway Wealth LLC acquired a new position in shares of Intuit during the 2nd quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in Intuit during the 3rd quarter worth $27,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Intuit in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INTU shares. Morgan Stanley upped their target price on Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Jefferies Financial Group boosted their target price on shares of Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Scotiabank initiated coverage on shares of Intuit in a report on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. Finally, Piper Sandler reduced their target price on Intuit from $768.00 to $765.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $737.44.

Insider Activity at Intuit

In related news, 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 transaction of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares of the company's stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 2,988 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $649.87, for a total value of $1,941,811.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,032 shares of company stock valued at $76,314,242. Insiders own 2.68% of the company's stock.

Intuit Trading Up 0.7 %

Shares of Intuit stock traded up $4.29 during trading on Tuesday, hitting $650.87. The stock had a trading volume of 577,994 shares, compared to its average volume of 1,359,654. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $182.19 billion, a PE ratio of 62.77, a P/E/G ratio of 3.19 and a beta of 1.25. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The stock has a 50 day simple moving average of $635.59 and a 200 day simple moving average of $630.43.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business earned $1.14 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts expect that Intuit Inc. will post 14.07 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, January 9th. This represents a $4.16 annualized dividend and a dividend yield of 0.64%. Intuit's dividend payout ratio (DPR) is 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.