Intuit Inc. (NASDAQ:INTU) Holdings Lifted by Greenleaf Trust

Greenleaf Trust increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,112 shares of the software maker’s stock after buying an additional 210 shares during the quarter. Greenleaf Trust’s holdings in Intuit were worth $6,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Beaumont Financial Advisors LLC grew its holdings in shares of Intuit by 2.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 932 shares of the software maker’s stock valued at $583,000 after buying an additional 25 shares in the last quarter. Lafayette Investments Inc. purchased a new position in shares of Intuit during the fourth quarter valued at $206,000. Grunden Financial Advisory Inc. purchased a new position in Intuit in the fourth quarter valued at about $309,000. Fidelis Capital Partners LLC grew its stake in Intuit by 12.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,611 shares of the software maker’s stock valued at $1,007,000 after purchasing an additional 183 shares in the last quarter. Finally, Western Wealth Management LLC grew its stake in Intuit by 39.4% in the fourth quarter. Western Wealth Management LLC now owns 548 shares of the software maker’s stock valued at $343,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer boosted their target price on Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Stifel Nicolaus boosted their target price on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Piper Sandler boosted their target price on Intuit from $642.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Evercore ISI boosted their price target on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Mizuho boosted their price target on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $645.00.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock valued at $3,117,156 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Intuit Stock Performance

Intuit stock traded down $3.21 during trading hours on Friday, hitting $605.17. The stock had a trading volume of 1,607,538 shares, compared to its average volume of 1,248,751. The company has a 50-day moving average of $643.99 and a two-hundred day moving average of $598.45. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $169.45 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 3.73 and a beta of 1.21. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $671.01.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were issued a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.59%. Intuit’s dividend payout ratio (DPR) is 36.73%.

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.