Intuit Inc. (NASDAQ:INTU) is Hillman Co.'s 4th Largest Position

Hillman Co. raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,293 shares of the software maker's stock after acquiring an additional 3,299 shares during the period. Intuit makes up approximately 9.8% of Hillman Co.'s holdings, making the stock its 4th biggest holding. Hillman Co.'s holdings in Intuit were worth $25,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Intuit in the 4th quarter valued at approximately $2,290,419,000. GAMMA Investing LLC increased its stake in Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after purchasing an additional 771,232 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Intuit by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock worth $3,329,115,000 after buying an additional 620,559 shares during the last quarter. Finally, Unisphere Establishment lifted its stake in shares of Intuit by 50.0% during the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after buying an additional 500,000 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Up 0.5%

Shares of INTU opened at $776.57 on Monday. 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 12 month low of $532.65 and a 12 month high of $787.22. The stock's 50 day moving average is $700.54 and its two-hundred day moving average is $638.14. The firm has a market cap of $216.62 billion, a P/E ratio of 63.03, a PEG ratio of 3.45 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results 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. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $9.88 EPS. Analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.54%. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the transaction, the chief accounting officer now directly owns 455 shares of the company's stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The transaction 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 transaction of $340,025.00. Following the sale, the executive vice president now directly owns 19 shares of the company's stock, valued at approximately $13,775. This represents a 96.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,896 shares of company stock valued at $204,351,942 over the last quarter. 2.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INTU shares. Evercore ISI upped their target price on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Oppenheimer reissued an "outperform" rating and issued a $742.00 price objective (up from $642.00) on shares of Intuit in a report on Friday, May 23rd. KeyCorp reaffirmed an "overweight" rating and set a $850.00 target price (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $793.05.

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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