111 Capital Makes New Investment in Intuit Inc. (NASDAQ:INTU)

111 Capital purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,441 shares of the software maker's stock, valued at approximately $1,534,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Intuit by 2.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,327 shares of the software maker's stock valued at $1,463,000 after buying an additional 65 shares in the last quarter. Blue Trust Inc. lifted its holdings in Intuit by 36.9% during the 4th quarter. Blue Trust Inc. now owns 3,004 shares of the software maker's stock worth $1,866,000 after buying an additional 810 shares during the last quarter. Apexium Financial LP bought a new position in Intuit during the 4th quarter worth approximately $248,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Intuit in the 4th quarter worth approximately $104,278,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTU. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Citigroup reissued a "buy" rating and set a $789.00 target price (up from $726.00) on shares of Intuit in a report on Friday, May 23rd. Evercore ISI raised their price target on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $600.00 to $700.00 in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus target price of $785.33.

Insider Activity

In other news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now directly owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 72,442 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the sale, the insider now owns 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,804 shares of company stock worth $138,081,963 over the last three months. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Intuit stock traded down $5.18 during mid-day trading on Friday, hitting $752.04. 2,887,091 shares of the company's stock traded hands, compared to its average volume of 1,619,387. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a one year low of $532.65 and a one year high of $761.02. The firm has a 50 day moving average price of $630.69 and a 200 day moving average price of $622.38. The company has a market cap of $209.78 billion, a PE ratio of 73.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $9.88 earnings per share. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio is currently 33.77%.

About Intuit

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.