Intuit Inc. (NASDAQ:INTU) Position Boosted by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 12.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 797 shares of the software maker’s stock after buying an additional 90 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Intuit were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new stake in Intuit in the fourth quarter valued at $25,000. MCF Advisors LLC lifted its position in Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. NewSquare Capital LLC acquired a new position in Intuit during the 3rd quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new position in Intuit in the 3rd quarter worth about $26,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $38,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. 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. Stifel Nicolaus raised 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. Oppenheimer upped 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, Barclays increased their target price 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. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $650.23.

Insider Activity

In related news, EVP Alex G. Balazs sold 280 shares of the 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 filing with the SEC, which is available at this link. In related news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the completion of the sale, the executive vice president now owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the stock in a transaction on 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. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 in the last three months. 2.90% of the stock is owned by insiders.

Intuit Stock Up 2.5 %

Shares of INTU stock traded up $15.23 during trading on Friday, hitting $629.27. 1,109,512 shares of the company were exchanged, compared to its average volume of 1,209,705. The firm has a market capitalization of $176.20 billion, a price-to-earnings ratio of 64.21, a P/E/G ratio of 3.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $637.56 and its 200 day simple moving average is $606.70. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01.

Intuit (NASDAQ:INTU) last issued its earnings results 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. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts forecast that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

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.