Intuit Inc. (NASDAQ:INTU) Shares Acquired by Eagle Capital Management LLC

Eagle Capital Management LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,489 shares of the software maker’s stock after purchasing an additional 26 shares during the period. Intuit makes up approximately 3.2% of Eagle Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Eagle Capital Management LLC’s holdings in Intuit were worth $7,849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Intuit by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,345 shares of the software maker’s stock worth $9,427,000 after acquiring an additional 186 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Intuit by 14.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 525 shares of the software maker’s stock valued at $340,000 after purchasing an additional 68 shares during the period. Public Sector Pension Investment Board increased its stake in Intuit by 71.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 10,717 shares of the software maker’s stock worth $7,043,000 after purchasing an additional 4,483 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in Intuit during the 2nd quarter worth about $201,000. Finally, Insigneo Advisory Services LLC lifted its stake in Intuit by 27.7% during the second quarter. Insigneo Advisory Services LLC now owns 3,580 shares of the software maker’s stock valued at $2,159,000 after buying an additional 777 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the sale, the executive vice president now owns 489 shares of the company’s stock, valued at $325,664.22. The trade was a 97.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 293,014 shares of company stock worth $188,992,187. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock opened at $611.68 on Thursday. The stock’s fifty day simple moving average is $642.42 and its 200 day simple moving average is $635.95. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $171.22 billion, a PE ratio of 59.39, a PEG ratio of 3.00 and a beta of 1.25. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.68%. Intuit’s dividend payout ratio is currently 40.39%.

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. Barclays dropped their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Stifel Nicolaus reduced their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group raised their target price on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Piper Sandler restated an “overweight” rating and set a $765.00 price target on shares of Intuit in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $726.53.

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.