Hyman Charles D Has $3.87 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Hyman Charles D lessened its position in Intuit Inc. (NASDAQ:INTU) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,188 shares of the software maker’s stock after selling 78 shares during the quarter. Hyman Charles D’s holdings in Intuit were worth $3,868,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of INTU. NewSquare Capital LLC acquired a new stake in shares of Intuit in the third quarter valued at about $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit during the 3rd quarter worth approximately $26,000. MCF Advisors LLC boosted its holdings 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 buying an additional 25 shares during the last quarter. Finally, Aspire Private Capital LLC grew its stake in shares of Intuit by 144.4% in the third quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after buying an additional 39 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 1.0 %

INTU traded up $6.51 during midday trading on Tuesday, reaching $641.15. 757,578 shares of the company were exchanged, compared to its average volume of 1,231,888. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. 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 company’s fifty day moving average price is $636.41 and its 200 day moving average price is $608.45. The company has a market cap of $179.52 billion, a price-to-earnings ratio of 65.42, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.33. The business had revenue of $3.39 billion for 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 business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. As a group, analysts expect that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note 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 report on Friday, February 23rd. Oppenheimer boosted their price target on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Susquehanna lifted their target price on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, Mizuho increased their price target 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 nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $650.23.

Insiders Place Their Bets

In other news, EVP Alex G. Balazs sold 280 shares of the business’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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the firm’s 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 sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,717 shares of company stock valued at $3,117,156. Corporate insiders own 2.90% of the company’s stock.

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.