Fullcircle Wealth LLC bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 414 shares of the software maker's stock, valued at approximately $256,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTU. Pacific Point Advisors LLC lifted its position in shares of Intuit by 3.7% in the first quarter. Pacific Point Advisors LLC now owns 5,504 shares of the software maker's stock valued at $3,380,000 after acquiring an additional 194 shares in the last quarter. YANKCOM Partnership increased its position in shares of Intuit by 17.8% during the 1st quarter. YANKCOM Partnership now owns 337 shares of the software maker's stock worth $207,000 after purchasing an additional 51 shares during the last quarter. Callan Capital LLC purchased a new stake in Intuit in the 1st quarter valued at about $307,000. Traveka Wealth LLC lifted its position in Intuit by 13.4% in the first quarter. Traveka Wealth LLC now owns 693 shares of the software maker's stock valued at $425,000 after buying an additional 82 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Intuit during the first quarter worth about $65,000. Institutional investors and hedge funds own 83.66% of the company's stock.
Insider Activity at Intuit
In related news, insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider owned 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kerry J. Mclean sold 16,700 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $729.16, for a total value of $12,176,972.00. Following the sale, the executive vice president directly owned 23,101 shares of the company's stock, valued at $16,844,325.16. The trade was a 41.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,800 shares of company stock worth $209,725,054 in the last three months. Company insiders own 2.68% of the company's stock.
Intuit Stock Performance
Shares of NASDAQ INTU traded up $0.17 during trading hours on Friday, reaching $748.07. The stock had a trading volume of 215,742 shares, compared to its average volume of 1,616,521. The firm has a 50-day moving average of $730.71 and a 200-day moving average of $645.99. The firm has a market cap of $208.67 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.42 and a beta of 1.27. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $790.60.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The company's revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $9.88 earnings per share. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.
Intuit Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio is currently 33.77%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on INTU. BMO Capital Markets set a $870.00 price target on shares of Intuit and gave the company an "outperform" rating in a research note on Thursday. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 price target (up previously from $760.00) on shares of Intuit in a research report on Friday, May 23rd. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective on the stock in a research report on Wednesday, April 23rd. Barclays reiterated an "overweight" rating and issued a $815.00 target price (up from $775.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $800.55.
Read Our Latest Analysis on INTU
About Intuit
(
Free Report)
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.
Recommended Stories

Before you consider Intuit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intuit wasn't on the list.
While Intuit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.