Hills Bank & Trust Co Buys 25 Shares of Intuit Inc. (NASDAQ:INTU)

Hills Bank & Trust Co boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 611 shares of the software maker’s stock after purchasing an additional 25 shares during the quarter. Hills Bank & Trust Co’s holdings in Intuit were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC acquired a new position in Intuit during the 3rd quarter valued at about $25,000. DiNuzzo Private Wealth Inc. purchased a new position in Intuit in the 4th quarter worth $25,000. Cape Investment Advisory Inc. bought a new position in shares of Intuit during the third quarter valued at about $26,000. MCF Advisors LLC raised its position in shares of Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after acquiring an additional 25 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its position in shares of Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after purchasing an additional 39 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now owns 3,180 shares in the company, valued at approximately $2,083,313.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock worth $3,117,156 in the last three months. Insiders own 2.90% of the company’s stock.

Intuit Stock Down 0.9 %

Shares of NASDAQ:INTU traded down $5.57 during midday trading on Thursday, hitting $626.86. 1,292,678 shares of the stock were exchanged, compared to its average volume of 1,228,763. 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 has a market capitalization of $175.52 billion, a PE ratio of 63.97, a P/E/G ratio of 3.83 and a beta of 1.22. The business’s fifty day simple moving average is $635.87 and its two-hundred day simple moving average is $608.61. Intuit Inc. has a 52-week low of $400.22 and a 52-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. As a group, research analysts predict that Intuit Inc. will post 11.27 earnings per share for the current fiscal 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 0.57%. The ex-dividend date was Tuesday, April 9th. Intuit’s dividend payout ratio is currently 36.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Susquehanna raised 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. Stifel Nicolaus raised their price target on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, KeyCorp boosted their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $650.23.

Intuit Company 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.