Breed s Hill Capital LLC Invests $390,000 in Intuit Inc. (NASDAQ:INTU)

Breed s Hill Capital LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 624 shares of the software maker’s stock, valued at approximately $390,000.

A number of other large investors have also added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit in the 4th quarter worth $25,000. MCF Advisors LLC lifted its stake in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares during the period. NewSquare Capital LLC purchased a new stake in shares of Intuit during the 3rd quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit in the third quarter worth approximately $26,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Intuit during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,083,313.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

INTU has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Mizuho raised their price objective on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their price objective on Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Oppenheimer increased their target price on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Evercore ISI upped their price target on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $650.23.

Intuit Stock Performance

INTU stock traded down $5.57 during midday trading on Thursday, reaching $626.86. The stock had a trading volume of 1,292,678 shares, 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 firm has a fifty day simple moving average of $635.87 and a two-hundred day simple moving average of $608.61. The stock has a market cap of $175.52 billion, a PE ratio of 63.97, a P/E/G ratio of 3.83 and a beta of 1.22. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business’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 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 11.27 EPS for the current 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

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.