Hartmann Taylor Wealth Management LLC Purchases New Position in Intuit Inc. (NASDAQ:INTU)

Hartmann Taylor Wealth Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 380 shares of the software maker's stock, valued at approximately $233,000.

A number of other large investors also recently modified their holdings of INTU. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock valued at $107,854,000 after buying an additional 3,648 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in Intuit during the fourth quarter valued at about $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Intuit during the fourth quarter valued at about $237,244,000. Aigen Investment Management LP bought a new position in Intuit during the fourth quarter valued at about $2,958,000. Finally, Baer Investment Advisory LLC acquired a new position in shares of Intuit in the 4th quarter valued at $3,261,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock traded up $3.71 during trading on Friday, reaching $776.57. The company had a trading volume of 2,051,675 shares, compared to its average volume of 1,613,471. The firm's 50 day simple moving average is $700.54 and its two-hundred day simple moving average is $638.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a one year low of $532.65 and a one year high of $787.22. The company has a market capitalization of $216.62 billion, a PE ratio of 63.03, a PEG ratio of 3.45 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. The business had revenue of $7.75 billion for 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 was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $9.88 EPS. Sell-side analysts forecast 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. Stockholders of record on Thursday, July 10th will be issued 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 payout ratio is presently 33.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 price target (up previously from $760.00) on shares of Intuit in a research report on Friday, May 23rd. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. KeyCorp reiterated an "overweight" rating and issued a $850.00 price target (up previously from $770.00) 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 for the company in a research report on Wednesday, April 23rd. Finally, Oppenheimer reiterated an "outperform" rating and issued a $742.00 price target (up previously from $642.00) on shares of Intuit in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $793.05.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 469 shares of Intuit stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total transaction of $340,025.00. Following the sale, the executive vice president now owns 19 shares of the company's stock, valued at approximately $13,775. This trade represents a 96.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of Intuit stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 272,896 shares of company stock valued at $204,351,942. 2.68% of the stock is owned by corporate insiders.

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.