Intuit Inc. (NASDAQ:INTU) is Overbrook Management Corp’s 7th Largest Position

Overbrook Management Corp raised its holdings in Intuit Inc. (NASDAQ:INTU) by 37.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,300 shares of the software maker’s stock after acquiring an additional 9,857 shares during the period. Intuit makes up 4.6% of Overbrook Management Corp’s investment portfolio, making the stock its 7th largest position. Overbrook Management Corp’s holdings in Intuit were worth $22,689,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Motley Fool Asset Management LLC grew its stake in Intuit by 7.1% during the fourth quarter. Motley Fool Asset Management LLC now owns 7,708 shares of the software maker’s stock valued at $4,818,000 after acquiring an additional 510 shares in the last quarter. New Jersey Better Educational Savings Trust purchased a new position in Intuit during the fourth quarter valued at approximately $238,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Intuit by 2.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 193,655 shares of the software maker’s stock valued at $121,040,000 after acquiring an additional 3,944 shares in the last quarter. VCI Wealth Management LLC purchased a new position in Intuit during the fourth quarter valued at approximately $776,000. Finally, Abbrea Capital LLC grew its stake in Intuit by 2.8% in the 4th quarter. Abbrea Capital LLC now owns 1,094 shares of the software maker’s stock worth $684,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 1.4 %

Intuit stock traded down $9.10 during mid-day trading on Thursday, reaching $626.39. 1,241,615 shares of the company traded hands, compared to its average volume of 1,250,544. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50 day moving average price is $640.64 and its 200 day moving average price is $602.03. The firm has a market capitalization of $175.39 billion, a price-to-earnings ratio of 63.92, a P/E/G ratio of 3.84 and a beta of 1.21. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01.

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, beating analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. On average, 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 was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio is presently 36.73%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent research reports. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Monday. Evercore ISI boosted their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Barclays boosted their price objective on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Oppenheimer boosted their price objective on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Susquehanna boosted their price objective on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $650.23.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the company’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 filing with the SEC, which is available through this link. In related news, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the stock in a transaction dated Wednesday, March 20th. The shares were 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. Insiders have sold 4,717 shares of company stock valued at $3,117,156 in the last three months. 2.90% of the stock is currently owned by company insiders.

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.