Brucke Financial Inc. Takes $419,000 Position in Intuit Inc. (NASDAQ:INTU)

Brucke Financial Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 696 shares of the software maker's stock, valued at approximately $419,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Intuit during the fourth quarter worth $25,000. NewSquare Capital LLC grew its stake 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 purchasing an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Intuit during the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU stock traded down $5.18 during mid-day trading on Friday, hitting $752.04. The stock had a trading volume of 2,887,091 shares, compared to its average volume of 1,625,454. The firm has a market cap of $210.24 billion, a PE ratio of 73.01, a PEG ratio of 2.85 and a beta of 1.24. The company's 50-day simple moving average is $630.69 and its 200-day simple moving average 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. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $761.02.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm earned $9.88 earnings per share. The firm's revenue was up 15.1% compared to the same quarter last year. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a dividend of $1.04 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.55%. Intuit's dividend payout ratio is presently 33.77%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INTU. JPMorgan Chase & Co. upped their target price on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $815.00 price target (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. UBS Group set a $750.00 price objective on shares of Intuit and gave the company a "neutral" rating in a report on Friday, May 23rd. Citigroup reaffirmed a "buy" rating and set a $789.00 price objective (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $825.00 price target (up from $775.00) 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 issued a strong buy rating to the company. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus price target of $785.33.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction on 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 transaction, the insider now owns 6,063,495 shares in the company, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Laura A. Fennell sold 25,648 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the completion of the transaction, the executive vice president now owns 22,796 shares of the company's stock, valued at $17,148,291. This trade represents a 52.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,804 shares of company stock worth $138,081,963. 2.68% of the stock is owned by corporate insiders.

About Intuit

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.