Running Oak Capital LLC Invests $15.30 Million in Intuit Inc. (NASDAQ:INTU)

Running Oak Capital LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,926 shares of the software maker's stock, valued at approximately $15,304,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Copia Wealth Management bought a new position in Intuit during the fourth quarter valued at $25,000. NewSquare Capital LLC boosted its holdings in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after acquiring an additional 18 shares during the period. Summit Securities Group LLC bought a new position in shares of Intuit in the fourth quarter worth $28,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the fourth quarter worth $28,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of Intuit in the fourth quarter worth $35,000. 83.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INTU has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target (up from $760.00) on shares of Intuit in a report on Friday, May 23rd. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Oppenheimer reaffirmed an "outperform" rating and issued a $742.00 price target (up from $642.00) on shares of Intuit in a report on Friday, May 23rd. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target for the company in a report on Wednesday, April 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $820.00 price target (up from $714.00) on shares of Intuit in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $787.95.

Intuit Price Performance

INTU stock traded up $6.31 during mid-day trading on Friday, hitting $761.14. 2,631,919 shares of the stock were exchanged, compared to its average volume of 1,610,069. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average price of $682.89 and a 200 day moving average price of $634.33. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The stock has a market capitalization of $212.32 billion, a price-to-earnings ratio of 61.78, a PEG ratio of 3.39 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.89 by $0.76. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the company posted $9.88 earnings per share. The company's revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Insiders Place Their Bets

In other news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the transaction, the executive vice president now owns 21,882 shares in the company, valued at approximately $13,401,849.72. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 1,459 shares of Intuit stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Insiders sold a total of 279,321 shares of company stock valued at $207,988,705 over the last 90 days. Insiders own 2.68% of the company's stock.

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.