Family Capital Management Inc. Invests $239,000 in Intuit Inc. (NASDAQ:INTU)

Family Capital Management Inc. bought a new stake in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 382 shares of the software maker’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. NewSquare Capital LLC purchased a new stake in shares of Intuit during the 3rd quarter worth about $25,000. Cape Investment Advisory Inc. acquired a new stake in Intuit in the third quarter valued at approximately $26,000. Steward Financial Group LLC increased its position 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 valued at $30,000 after buying an additional 20 shares in the last quarter. Aspire Private Capital LLC raised its stake in shares of Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares during the period. Finally, Webster Bank N. A. purchased a new position in shares of Intuit during the 4th quarter valued at approximately $41,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Intuit Trading Down 0.8 %

INTU stock traded down $4.83 during midday trading on Thursday, hitting $608.38. 773,735 shares of the company’s stock were exchanged, compared to its average volume of 1,243,719. Intuit Inc. has a 1-year low of $400.22 and a 1-year high of $671.01. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $170.35 billion, a PE ratio of 62.04, a P/E/G ratio of 3.72 and a beta of 1.21. The business has a 50-day simple moving average of $644.88 and a two-hundred day simple moving average of $598.39.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. On average, sell-side analysts predict that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on INTU shares. KeyCorp boosted their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Oppenheimer lifted their price objective on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Susquehanna increased their target price on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Evercore ISI lifted their price target on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Mizuho increased their price objective on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $645.00.

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.