Kingfisher Capital LLC Has $8.18 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Kingfisher Capital LLC decreased its holdings in Intuit Inc. (NASDAQ:INTUFree Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,085 shares of the software maker’s stock after selling 368 shares during the period. Intuit accounts for approximately 2.1% of Kingfisher Capital LLC’s holdings, making the stock its 7th biggest holding. Kingfisher Capital LLC’s holdings in Intuit were worth $8,179,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new position in shares of Intuit in the 4th quarter valued at about $25,000. MCF Advisors LLC raised its position in Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Intuit in the 4th quarter worth about $38,000. Sachetta LLC purchased a new stake in Intuit in the 4th quarter worth about $39,000. Finally, Webster Bank N. A. purchased a new stake in Intuit in the 4th quarter worth about $41,000. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU traded up $24.02 on Wednesday, reaching $590.72. 1,812,928 shares of the company’s stock were exchanged, compared to its average volume of 1,310,872. The stock has a market cap of $165.14 billion, a PE ratio of 52.28, a P/E/G ratio of 3.24 and a beta of 1.21. Intuit Inc. has a twelve month low of $440.46 and a twelve month high of $676.62. The stock’s fifty day moving average price is $619.49 and its 200-day moving average price is $624.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50.

Intuit (NASDAQ:INTUGet Free Report) last posted its quarterly earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.12 by $1.76. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. Intuit’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $7.80 earnings per share. Sell-side analysts expect that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a $0.90 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.61%. Intuit’s payout ratio is 33.21%.

Analyst Ratings Changes

Several equities analysts recently issued reports on INTU shares. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price objective on shares of Intuit in a report on Tuesday, March 26th. KeyCorp lifted their price objective on shares of Intuit from $720.00 to $740.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Susquehanna lowered their target price on shares of Intuit from $775.00 to $757.00 and set a “positive” rating for the company in a research note on Friday, May 24th. Evercore ISI raised their target price on shares of Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley raised their target price on shares of Intuit from $680.00 to $740.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Four analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $679.41.

Check Out Our Latest Report on Intuit

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,415 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total value of $855,480.70. Following the transaction, the chief financial officer now directly owns 2,332 shares in the company, valued at approximately $1,409,880.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,415 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $855,480.70. Following the completion of the transaction, the chief financial officer now directly owns 2,332 shares in the company, valued at $1,409,880.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,908 shares of company stock worth $54,521,562. 2.90% of the stock is currently owned by insiders.

Intuit Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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