1,131 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,131 shares of the software maker’s stock, valued at approximately $707,000. Intuit accounts for 0.8% of Tilt Investment Management Holdings PBC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also recently made changes to their positions in INTU. NewSquare Capital LLC bought a new position in Intuit during the third quarter valued at approximately $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Intuit in the 3rd quarter worth $26,000. Steward Financial Group LLC grew its holdings in shares of Intuit by 50.0% in the third quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after acquiring an additional 20 shares during the period. Aspire Private Capital LLC increased its position in Intuit by 144.4% during the third quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after acquiring an additional 39 shares during the last quarter. Finally, Webster Bank N. A. bought a new position in Intuit in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,717 shares of company stock worth $3,117,156. Insiders own 2.90% of the company’s stock.

Intuit Price Performance

INTU traded down $5.21 during trading on Thursday, hitting $608.00. 420,210 shares of the company traded hands, compared to its average volume of 1,238,556. The company has a market cap of $170.24 billion, a PE ratio of 62.54, a P/E/G ratio of 3.72 and a beta of 1.21. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The stock’s 50-day simple moving average is $644.88 and its two-hundred day simple moving average is $598.39. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. Intuit’s dividend payout ratio (DPR) is 36.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INTU shares. Barclays upped their price target on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Susquehanna increased their price target on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price objective on shares of Intuit in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus boosted their price target on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $645.00.

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.