Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 377,476 Intuit Inc. (NASDAQ:INTU)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 377,476 shares of the software maker's stock, valued at approximately $237,244,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Intuit at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Great Diamond Partners LLC increased its holdings in shares of Intuit by 2.8% in the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after acquiring an additional 17 shares during the last quarter. Drive Wealth Management LLC increased its holdings in shares of Intuit by 2.4% in the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock valued at $478,000 after acquiring an additional 18 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after acquiring an additional 18 shares during the last quarter. Ethos Financial Group LLC increased its holdings in shares of Intuit by 3.7% in the 4th quarter. Ethos Financial Group LLC now owns 508 shares of the software maker's stock valued at $319,000 after acquiring an additional 18 shares during the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in shares of Intuit by 18.0% in the 4th quarter. Legacy Investment Solutions LLC now owns 118 shares of the software maker's stock valued at $68,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. Redburn Atlantic started coverage on Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. raised their price target on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. The Goldman Sachs Group raised their price target on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Citigroup restated a "buy" rating and set a $789.00 price target (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and an average price target of $785.33.

Insider Transactions at Intuit

In other news, EVP Laura A. Fennell sold 25,648 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $752.25, for a total value of $19,293,708.00. Following the completion of the transaction, the executive vice president now directly owns 22,796 shares of the company's stock, valued at $17,148,291. The trade was a 52.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 72,442 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the transaction, the insider now directly 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 ownership of the stock. 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 over the last three months. 2.68% of the stock is currently owned by insiders.

Intuit Price Performance

INTU traded down $5.18 during trading on Friday, reaching $752.04. 2,887,091 shares of the stock were exchanged, compared to its average volume of 1,625,454. The business's 50 day moving average price is $630.69 and its two-hundred day moving average price is $623.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $210.24 billion, a price-to-earnings ratio of 73.01, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $761.02.

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

Intuit Dividend Announcement

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 issued a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. Intuit's dividend payout ratio (DPR) is 33.77%.

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.