Curated Wealth Partners LLC Increases Position in Intuit Inc. (NASDAQ:INTU)

Curated Wealth Partners LLC grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 36.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,551 shares of the software maker's stock after purchasing an additional 417 shares during the quarter. Curated Wealth Partners LLC's holdings in Intuit were worth $952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Intuit in the 4th quarter valued at about $104,278,000. Revolve Wealth Partners LLC raised its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the period. Empowered Funds LLC lifted its position in Intuit by 26.4% in the fourth quarter. Empowered Funds LLC now owns 7,021 shares of the software maker's stock valued at $4,413,000 after buying an additional 1,465 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in Intuit by 62.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,409 shares of the software maker's stock worth $4,657,000 after buying an additional 2,858 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In related news, EVP Marianna Tessel sold 7,385 shares of Intuit stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now directly owns 40,190 shares of the company's stock, valued at $24,119,224.70. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the transaction, the insider now directly owns 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,592 shares of company stock worth $165,325,437 over the last 90 days. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Down 0.3%

Shares of Intuit stock traded down $2.28 during trading hours on Tuesday, reaching $762.10. The company's stock had a trading volume of 1,422,369 shares, compared to its average volume of 1,619,743. Intuit Inc. has a one year low of $532.65 and a one year high of $773.45. 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's fifty day simple moving average is $649.11 and its two-hundred day simple moving average is $626.71. The company has a market capitalization of $212.59 billion, a P/E ratio of 73.99, a P/E/G ratio of 2.85 and a beta of 1.28.

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, topping the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the firm earned $9.88 EPS. Intuit's revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INTU shares. The Goldman Sachs Group upped their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. HSBC upgraded Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $600.00 to $700.00 in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $785.33.

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.