DSG Capital Advisors LLC Invests $242,000 in Intuit Inc. (NASDAQ:INTU)

DSG Capital Advisors LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 385 shares of the software maker's stock, valued at approximately $242,000.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Intuit in the 4th quarter valued at $25,000. Copia Wealth Management acquired a new stake in Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC grew its position in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Heck Capital Advisors LLC purchased a new position in Intuit during the 4th quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit during the 4th quarter worth $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other news, Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at $4,800. This represents a 99.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark P. Notarainni sold 469 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $725.00, for a total value of $340,025.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at approximately $13,775. This represents a 96.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,804 shares of company stock worth $138,081,963 over the last ninety days. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

Intuit stock traded up $11.52 during midday trading on Monday, reaching $764.99. The stock had a trading volume of 1,869,993 shares, compared to its average volume of 1,620,390. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $765.08. The firm's 50-day moving average price is $633.69 and its 200 day moving average price is $622.92. The firm has a market capitalization of $213.39 billion, a PE ratio of 74.27, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

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

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is presently 33.77%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTU. Oppenheimer reaffirmed an "outperform" rating and set a $742.00 price objective (up from $642.00) on shares of Intuit in a report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $825.00 price objective (up 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 stock 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 report on Wednesday, April 23rd. Finally, Evercore ISI boosted their price target on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. One 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $785.33.

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.