Intuit Inc. (NASDAQ:INTU) Shares Bought by Davidson Investment Advisors

Davidson Investment Advisors lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,987 shares of the software maker's stock after acquiring an additional 1,047 shares during the quarter. Intuit accounts for about 1.3% of Davidson Investment Advisors' portfolio, making the stock its 21st largest position. Davidson Investment Advisors' holdings in Intuit were worth $26,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of INTU. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new position in Intuit in the fourth quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Intuit in the fourth quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new position in Intuit in the fourth quarter valued at $35,000. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the first quarter valued at $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction 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 owned 19 shares in the company, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,661 shares of company stock valued at $206,491,776 over the last 90 days. Insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of INTU traded up $2.97 during mid-day trading on Monday, hitting $783.61. 1,294,877 shares of the company's stock were exchanged, compared to its average volume of 1,618,567. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $790.60. The firm has a market capitalization of $218.59 billion, a P/E ratio of 63.60, a P/E/G ratio of 3.47 and a beta of 1.27. The business's 50 day moving average is $718.90 and its two-hundred day moving average is $642.43. 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 (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. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm's revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $9.88 earnings per share. On average, equities analysts expect 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 given 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 0.53%. Intuit's payout ratio is currently 33.77%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. KeyCorp reissued an "overweight" rating and issued a $850.00 target price (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 target price (up previously from $760.00) on shares of Intuit in a report on Friday, May 23rd. The Goldman Sachs Group increased their target price on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a report on Monday, May 19th. Oppenheimer reissued an "outperform" rating and issued a $742.00 target price (up previously from $642.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and a consensus target price of $798.27.

Intuit Company 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.