Crestwood Advisors Group LLC Purchases 537 Shares of Intuit Inc. (NASDAQ:INTU)

Crestwood Advisors Group LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 26.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,580 shares of the software maker's stock after purchasing an additional 537 shares during the period. Crestwood Advisors Group LLC's holdings in Intuit were worth $1,584,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC grew its position in shares of Intuit by 18.0% during the 4th quarter. Legacy Investment Solutions LLC now owns 118 shares of the software maker's stock valued at $68,000 after acquiring an additional 18 shares during the period. Financial Management Professionals Inc. grew its holdings in Intuit by 18.4% in the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after acquiring an additional 18 shares during the last quarter. Chris Bulman Inc boosted its stake in shares of Intuit by 1.2% during the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after purchasing an additional 18 shares in the last quarter. Kolinsky Wealth Management LLC lifted its position in Intuit by 1.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock valued at $749,000 after acquiring an additional 19 shares during the period. Finally, Monetary Management Group Inc. grew its holdings in shares of Intuit by 1.1% during the fourth quarter. Monetary Management Group Inc. now owns 1,900 shares of the software maker's stock valued at $1,194,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup reissued a "buy" rating and set a $789.00 target price (up previously from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Barclays restated an "overweight" rating and set a $815.00 target price (up from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus lifted their price objective on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. KeyCorp reissued an "overweight" rating and set a $850.00 price target (up from $770.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, UBS Group set a $750.00 price target on Intuit and gave the stock a "neutral" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $800.55.

Insider Buying and Selling

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 279,800 shares of company stock valued at $209,725,054 over the last ninety days. 2.68% of the stock is owned by insiders.

Intuit Price Performance

Intuit stock opened at $763.69 on Tuesday. The business has a 50-day moving average of $743.99 and a 200-day moving average of $650.97. 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 1 year low of $532.65 and a 1 year high of $790.60. The firm has a market capitalization of $213.03 billion, a P/E ratio of 61.99, a PEG ratio of 3.34 and a beta of 1.27.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $9.88 earnings per share. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, July 10th. Intuit's payout ratio is presently 33.77%.

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.

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