Stokes Capital Advisors LLC Has $4.24 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Stokes Capital Advisors LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,751 shares of the software maker's stock after buying an additional 579 shares during the period. Stokes Capital Advisors LLC's holdings in Intuit were worth $4,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Financial Advisors increased its holdings in shares of Intuit by 0.9% during the 3rd quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after acquiring an additional 15 shares during the last quarter. Truvestments Capital LLC grew its holdings in Intuit by 1.5% during the third quarter. Truvestments Capital LLC now owns 1,078 shares of the software maker's stock valued at $669,000 after purchasing an additional 16 shares during the last quarter. Aviso Wealth Management raised its position in shares of Intuit by 4.9% in the second quarter. Aviso Wealth Management now owns 362 shares of the software maker's stock valued at $238,000 after purchasing an additional 17 shares during the period. CVA Family Office LLC lifted its stake in shares of Intuit by 3.3% in the third quarter. CVA Family Office LLC now owns 531 shares of the software maker's stock worth $330,000 after buying an additional 17 shares during the last quarter. Finally, Chris Bulman Inc boosted its holdings in shares of Intuit by 1.1% during the 3rd quarter. Chris Bulman Inc now owns 1,520 shares of the software maker's stock worth $944,000 after buying an additional 17 shares during the period. Institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. Jefferies Financial Group lifted their price objective on Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Stifel Nicolaus decreased their target price on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Oppenheimer raised their target price on Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price target on Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $726.53.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, November 25th. The stock was 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 $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark P. Notarainni sold 3,649 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $646.68, for a total value of $2,359,735.32. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $12,286.92. The trade was a 99.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,014 shares of company stock valued at $188,992,187. 2.68% of the stock is currently owned by corporate insiders.

Intuit Price Performance

Shares of NASDAQ INTU traded down $3.14 during midday trading 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 debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap 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 stock's 50-day simple moving average is $646.09 and its 200-day simple moving average is $636.77.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company earned $1.14 EPS. Intuit's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a $1.04 dividend. 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 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.