American National Bank & Trust Boosts Holdings in Intuit Inc. (NASDAQ:INTU)

American National Bank & Trust boosted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,900 shares of the software maker's stock after purchasing an additional 1,030 shares during the quarter. American National Bank & Trust's holdings in Intuit were worth $9,762,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in INTU. Great Diamond Partners LLC raised 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 worth $394,000 after buying an additional 17 shares in the last quarter. NewSquare Capital LLC grew its position in Intuit by 72.0% during the 4th 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 last quarter. Ethos Financial Group LLC grew its position in Intuit by 3.7% during the 4th quarter. Ethos Financial Group LLC now owns 508 shares of the software maker's stock worth $319,000 after acquiring an additional 18 shares during the last quarter. Legacy Investment Solutions LLC boosted its position in 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 buying an additional 18 shares during the last quarter. Finally, Plancorp LLC boosted its position in Intuit by 2.2% in the 4th quarter. Plancorp LLC now owns 889 shares of the software maker's stock valued at $559,000 after buying an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho increased their price objective on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Citigroup reiterated a "buy" rating and issued a $789.00 price objective (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Evercore ISI raised their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Piper Sandler restated an "overweight" rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $785.33.

Intuit Stock Up 0.1%

Shares of NASDAQ:INTU traded up $0.55 during trading on Thursday, reaching $767.36. 632,540 shares of the stock traded hands, compared to its average volume of 1,616,861. The stock has a 50-day moving average of $640.03 and a two-hundred day moving average of $624.89. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $773.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $214.05 billion, a P/E ratio of 74.50, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating 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 net margin of 17.59% and a return on equity of 18.25%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.88 earnings per share. As a group, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

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

Insider Activity

In related news, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares in the company, valued at $4,800. The trade was a 99.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark P. Notarainni sold 469 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $725.00, for a total transaction of $340,025.00. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $13,775. The trade was a 96.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,804 shares of company stock worth $138,081,963 in the last three months. Company insiders own 2.68% of the company's stock.

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.