Intuit Inc. (NASDAQ:INTU) Stock Position Lowered by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,000 shares of the software maker’s stock after selling 589 shares during the quarter. Intuit accounts for approximately 1.1% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 21st largest position. Clifford Swan Investment Counsel LLC’s holdings in Intuit were worth $28,752,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of INTU. DiNuzzo Private Wealth Inc. acquired a new position in shares of Intuit in the 4th quarter valued at $25,000. MCF Advisors LLC lifted its stake in Intuit by 119.0% during the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Intuit in the third quarter worth about $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Intuit in the third quarter worth approximately $26,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Intuit during the fourth quarter valued at approximately $38,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 2.5 %

NASDAQ:INTU traded up $15.23 during trading hours on Friday, reaching $629.27. The company’s stock had a trading volume of 1,109,512 shares, compared to its average volume of 1,209,705. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $176.20 billion, a price-to-earnings ratio of 64.21, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. The business’s 50-day moving average is $637.56 and its 200-day moving average is $606.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The company 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 business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities research analysts predict that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.57%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

Analyst Ratings Changes

A number of research firms recently commented on INTU. Evercore ISI raised their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Oppenheimer raised their target price on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Piper Sandler upped their price target on Intuit from $642.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. KeyCorp raised their price objective on Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus upped their target price on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average target price of $650.23.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the company’s 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 of the company’s stock, valued at $15,233,800.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by insiders.

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.