Brown Advisory Inc. Raises Stake in Intuit Inc. (NASDAQ:INTU)

Brown Advisory Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,444,600 shares of the software maker's stock after purchasing an additional 252,265 shares during the quarter. Intuit accounts for about 3.0% of Brown Advisory Inc.'s investment portfolio, making the stock its 4th biggest holding. Brown Advisory Inc. owned about 1.23% of Intuit worth $2,114,950,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intuit in the 4th quarter valued at $2,290,419,000. GAMMA Investing LLC lifted its holdings in Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after acquiring an additional 2,821,534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Intuit by 33.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the period. Wellington Management Group LLP grew its stake in Intuit by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after acquiring an additional 620,559 shares during the period. Finally, Unisphere Establishment increased its holdings in shares of Intuit by 50.0% in the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after acquiring an additional 500,000 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

INTU stock remained flat at $747.90 during mid-day trading on Friday. The company's stock had a trading volume of 1,047,778 shares, compared to its average volume of 1,621,283. The company has a market capitalization of $208.63 billion, a P/E ratio of 60.71, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $790.60. The stock's 50 day moving average is $733.03 and its 200 day moving average is $646.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. The company 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 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 posted $9.88 EPS. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

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 $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group set a $750.00 price objective on Intuit and gave the company a "neutral" rating in a report on Friday, May 23rd. Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus upped their price target on shares of Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, BMO Capital Markets set a $870.00 target price on shares of Intuit and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $800.55.

Insider Activity at Intuit

In other news, EVP Laura A. Fennell sold 25,648 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $752.25, for a total value of $19,293,708.00. Following the sale, the executive vice president directly owned 22,796 shares of the company's stock, valued at approximately $17,148,291. This represents a 52.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the transaction, the chief financial officer owned 197 shares of the company's stock, valued at $143,047.61. The trade was a 98.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock worth $209,725,054 over the last ninety days. 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.