Trust Co. of Vermont Has $16.92 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Trust Co. of Vermont raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,921 shares of the software maker's stock after purchasing an additional 1,787 shares during the period. Trust Co. of Vermont's holdings in Intuit were worth $16,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in INTU. Northwest Investment Counselors LLC acquired a new position in Intuit during the third quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in shares of Intuit in the third quarter worth about $32,000. Dunhill Financial LLC grew its stake in shares of 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 buying an additional 32 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of Intuit by 10.6% during the 3rd quarter. Groupama Asset Managment now owns 7,517 shares of the software maker's stock valued at $47,000 after buying an additional 720 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in Intuit during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other news, insider Scott D. Cook sold 75,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares of the company's stock, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Laura A. Fennell sold 7,700 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $657.64, for a total value of $5,063,828.00. Following the completion of the sale, the executive vice president now directly owns 33,916 shares of the company's stock, valued at approximately $22,304,518.24. This represents a 18.50 % decrease in their ownership of the stock. 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 owned by corporate insiders.

Intuit Price Performance

Shares of INTU stock traded down $3.14 during midday trading on Friday, reaching $604.13. 2,830,783 shares of the company were exchanged, compared to its average volume of 1,248,995. The company's 50 day moving average price is $646.09 and its two-hundred day moving average price is $636.93. 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 company has a market cap of $169.11 billion, a P/E 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.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly 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. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the previous year, the business earned $1.14 earnings per share. Intuit's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating on the stock 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 research note on Friday, November 22nd. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target on the stock. in a research note on Wednesday. Stifel Nicolaus lowered their price objective on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.