Moody National Bank Trust Division Makes New $241,000 Investment in Intuit Inc. (NASDAQ:INTU)

Moody National Bank Trust Division purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 392 shares of the software maker's stock, valued at approximately $241,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Intuit in the 4th quarter valued at $25,000. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at about $25,000. NewSquare Capital LLC boosted 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 valued at $27,000 after purchasing an additional 18 shares during the period. Summit Securities Group LLC acquired a new stake in Intuit during the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in Intuit during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Trading Down 0.0%

Shares of INTU stock traded down $0.17 during trading hours on Thursday, hitting $766.64. 1,240,800 shares of the company's stock traded hands, compared to its average volume of 1,619,252. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock's 50 day simple moving average is $643.09 and its 200 day simple moving average is $625.50. The stock has a market cap of $213.85 billion, a PE ratio of 74.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly 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 the consensus estimate of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.88 earnings per share. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is currently 33.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Susquehanna reissued a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. Evercore ISI increased their target price on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Redburn Atlantic started coverage on Intuit in a report on Wednesday, February 19th. They set a "neutral" rating on the stock. KeyCorp reiterated an "overweight" rating and issued a $850.00 target price (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $785.33.

Insider Transactions at Intuit

In other news, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the sale, the insider now owns 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 16,061 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total transaction of $11,662,373.93. Following the completion of the transaction, the chief financial officer now owns 197 shares in the company, valued at approximately $143,047.61. This represents a 98.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,592 shares of company stock valued at $165,325,437. Insiders own 2.68% of the company's stock.

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.