Crew Capital Management Ltd. Has $265,000 Holdings in Intuit Inc. (NASDAQ:INTU)

Crew Capital Management Ltd. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 83.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 424 shares of the software maker’s stock after selling 2,194 shares during the quarter. Crew Capital Management Ltd.’s holdings in Intuit were worth $265,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC raised its stake in Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of Intuit during the third quarter worth about $25,000. Cape Investment Advisory Inc. acquired a new position in shares of Intuit in the 3rd quarter worth approximately $26,000. Steward Financial Group LLC boosted its position in Intuit by 50.0% during the third quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Intuit during the fourth quarter worth approximately $38,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.3 %

Shares of INTU stock traded up $1.84 during mid-day trading on Monday, hitting $638.39. The company’s stock had a trading volume of 886,462 shares, compared to its average volume of 1,245,412. The business has a 50-day moving average price of $640.26 and a 200 day moving average price of $603.61. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01. The stock has a market cap of $178.75 billion, a price-to-earnings ratio of 65.72, a PEG ratio of 3.88 and a beta of 1.21. 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 (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 earnings per share. Research analysts predict that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction dated Wednesday, March 20th. The shares were 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 this hyperlink. In other 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of the 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 transaction, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,717 shares of company stock valued at $3,117,156. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and set a $700.00 target price on shares of Intuit in a research report on Tuesday, March 26th. Mizuho raised their price target on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Oppenheimer increased their target price on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Barclays lifted their price target on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Susquehanna increased their price objective on Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.23.

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.