337 Shares in Intuit Inc. (NASDAQ:INTU) Bought by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 337 shares of the software maker's stock, valued at approximately $212,000.

A number of other institutional investors have also added to or reduced their stakes in INTU. R Squared Ltd purchased a new position in shares of Intuit in the 4th quarter worth approximately $25,000. Copia Wealth Management purchased a new position in shares of Intuit in the 4th quarter worth approximately $25,000. NewSquare Capital LLC grew its position in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of analyst reports. Barclays reaffirmed an "overweight" rating and issued a $815.00 price objective (up previously from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Redburn Atlantic assumed coverage on shares of Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $850.00 target price (up from $760.00) on shares of Intuit in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their target price on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Finally, Mizuho lifted their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $785.33.

Intuit Stock Performance

NASDAQ INTU traded up $11.52 on Monday, hitting $764.99. 1,869,993 shares of the company's stock traded hands, compared to its average volume of 1,620,390. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $765.08. The firm's 50-day moving average price is $633.69 and its two-hundred day moving average price is $622.92. The firm has a market capitalization of $213.39 billion, a PE ratio of 74.27, a P/E/G ratio of 2.85 and a beta of 1.24.

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

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is 33.77%.

Insider Activity

In other news, EVP Laura A. Fennell sold 16,185 shares of Intuit stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $753.21, for a total transaction of $12,190,703.85. Following the completion of the transaction, the executive vice president now directly owns 22,796 shares of the company's stock, valued at $17,170,175.16. The trade was a 41.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 469 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total transaction of $340,025.00. Following the completion of the sale, the executive vice president now directly owns 19 shares of the company's stock, valued at approximately $13,775. The trade was a 96.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,804 shares of company stock valued at $138,081,963 in the last three months. 2.68% of the stock is currently owned by corporate 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.