Intuit Inc. (NASDAQ:INTU) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 102.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,929 shares of the software maker's stock after purchasing an additional 3,001 shares during the quarter. Diversify Wealth Management LLC's holdings in Intuit were worth $3,696,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in INTU. Northwest Investment Counselors LLC acquired a new stake in Intuit in the 3rd quarter worth about $27,000. Denver PWM LLC acquired a new stake in shares of Intuit in the third quarter worth approximately $32,000. Dunhill Financial LLC grew its holdings in Intuit by 110.3% in the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker's stock valued at $38,000 after purchasing an additional 32 shares during the period. Groupama Asset Managment increased its position in Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker's stock worth $47,000 after purchasing an additional 720 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Intuit during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the transaction, the insider now directly owns 6,378,105 shares of the company's stock, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the sale, the executive vice president now directly owns 489 shares of the company's stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock valued at $188,992,187 over the last 90 days. 2.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on INTU shares. JPMorgan Chase & Co. boosted their price objective on shares of Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Jefferies Financial Group raised their target price on shares of Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. StockNews.com cut shares of Intuit from a "buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley raised their price objective on Intuit from $685.00 to $730.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

Intuit Stock Down 0.5 %

NASDAQ INTU traded down $3.14 during trading hours on Monday, reaching $604.13. 2,830,783 shares of the company traded hands, compared to its average volume of 1,248,995. The company has a 50 day moving average of $646.09 and a two-hundred day moving average of $636.77. The stock has a market capitalization of $169.11 billion, a PE ratio of 58.65, a PEG ratio of 3.07 and a beta of 1.25. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. 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 quarterly earnings data 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 firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company earned $1.14 earnings per share. Intuit's quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

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.