Campbell Capital Management Inc. Sells 1,565 Shares of Intuit Inc. (NASDAQ:INTU)

Campbell Capital Management Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,731 shares of the software maker’s stock after selling 1,565 shares during the period. Intuit makes up approximately 2.4% of Campbell Capital Management Inc.’s portfolio, making the stock its 14th largest position. Campbell Capital Management Inc.’s holdings in Intuit were worth $6,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Janney Montgomery Scott LLC increased its position in shares of Intuit by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 30,395 shares of the software maker’s stock valued at $19,757,000 after acquiring an additional 948 shares in the last quarter. Tobam increased its position in shares of Intuit by 6.6% during the first quarter. Tobam now owns 549 shares of the software maker’s stock valued at $357,000 after acquiring an additional 34 shares in the last quarter. Choreo LLC boosted its holdings in Intuit by 2.0% in the first quarter. Choreo LLC now owns 957 shares of the software maker’s stock worth $622,000 after purchasing an additional 19 shares during the last quarter. Lincoln National Corp boosted its holdings in Intuit by 3.1% in the first quarter. Lincoln National Corp now owns 4,541 shares of the software maker’s stock worth $2,951,000 after purchasing an additional 137 shares during the last quarter. Finally, Graypoint LLC boosted its holdings in Intuit by 3.1% in the first quarter. Graypoint LLC now owns 2,077 shares of the software maker’s stock worth $1,350,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $628.76, for a total value of $1,849,183.16. Following the sale, the executive vice president now directly owns 20 shares in the company, valued at $12,575.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Sandeep Aujla sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $617.28, for a total value of $2,469,120.00. Following the sale, the chief financial officer now directly owns 452 shares in the company, valued at $279,010.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the completion of the sale, the executive vice president now owns 20 shares in the company, valued at approximately $12,575.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,297 shares of company stock worth $35,220,046. Insiders own 2.90% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $621.74 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $174.27 billion, a P/E ratio of 59.50, a P/E/G ratio of 2.98 and a beta of 1.25. The firm’s fifty day moving average is $622.92 and its two-hundred day moving average is $626.54. Intuit Inc. has a 52-week low of $489.55 and a 52-week high of $676.62.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a net margin of 18.19% and a return on equity of 18.64%. Intuit’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, analysts anticipate that Intuit Inc. will post 14.04 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 10th were issued a $1.04 dividend. This is an increase from Intuit’s previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, October 10th. Intuit’s payout ratio is currently 39.81%.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. Bank of America raised their target price on shares of Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Susquehanna restated a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Morgan Stanley cut shares of Intuit from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $750.00 to $685.00 in a report on Wednesday, August 14th. Stifel Nicolaus raised their target price on shares of Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price target on shares of Intuit from $700.00 to $760.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $735.71.

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.