Wilmington Savings Fund Society FSB Grows Stake in Intuit Inc. (NASDAQ:INTU)

Wilmington Savings Fund Society FSB boosted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,869 shares of the software maker's stock after purchasing an additional 1,721 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Intuit were worth $16,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC bought a new stake in shares of Intuit during the 2nd quarter valued at about $25,000. Cultivar Capital Inc. bought a new stake in shares of Intuit during the 2nd quarter valued at about $26,000. Fairway Wealth LLC bought a new stake in shares of Intuit during the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Intuit during the 3rd quarter valued at about $27,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Intuit during the 2nd quarter valued at about $35,000. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $601.31, for a total value of $466,015.25. Following the completion of the transaction, the chief financial officer now directly owns 4,451 shares in the company, valued at $2,676,430.81. This trade represents a 14.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott D. Cook sold 75,000 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,732 shares of company stock valued at $81,378,070. 2.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. Scotiabank initiated coverage on Intuit in a research report on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Piper Sandler decreased their price objective on Intuit from $768.00 to $765.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Oppenheimer raised their price objective on Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus decreased their price objective on Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $737.44.

Intuit Trading Up 0.3 %

Intuit stock traded up $1.69 during trading hours on Thursday, reaching $672.25. The company had a trading volume of 1,627,810 shares, compared to its average volume of 1,366,739. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50-day moving average price of $637.67 and a 200 day moving average price of $630.99. The firm has a market cap of $188.17 billion, a price-to-earnings ratio of 65.10, a P/E/G ratio of 3.19 and a beta of 1.24. 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 announced 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. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Equities analysts forecast that Intuit Inc. will post 14.07 earnings per share for the current year.

Intuit Dividend Announcement

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 paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit's payout ratio is currently 40.39%.

About Intuit

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.