Metis Global Partners LLC Has $8.86 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Metis Global Partners LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,174 shares of the software maker’s stock after selling 2,579 shares during the quarter. Metis Global Partners LLC’s holdings in Intuit were worth $8,859,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of INTU. DiNuzzo Private Wealth Inc. acquired a new stake in Intuit during the fourth quarter worth $25,000. MCF Advisors LLC grew its stake in shares of 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 period. NewSquare Capital LLC bought a new position in shares of Intuit during the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new stake in Intuit in the third quarter valued at $26,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Intuit during the fourth quarter worth $38,000. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 2.5 %

NASDAQ:INTU traded up $15.23 during mid-day trading on Friday, hitting $629.27. The company had a trading volume of 1,109,512 shares, compared to its average volume of 1,209,705. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $671.01. The firm has a market cap of $176.20 billion, a P/E ratio of 64.21, a P/E/G ratio of 3.83 and a beta of 1.22. The business’s fifty day moving average is $637.56 and its two-hundred day moving average is $606.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share 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%. Intuit’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, research analysts expect that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were paid a $0.90 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. Intuit’s payout ratio is 36.73%.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the firm’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 transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on 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 sold 4,717 shares of company stock worth $3,117,156 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on INTU shares. Susquehanna boosted their price target on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. Mizuho lifted their price objective on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, KeyCorp lifted their price target on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $650.23.

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.