Intuit Inc. (NASDAQ:INTU) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 25.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,336 shares of the software maker's stock after purchasing an additional 471 shares during the quarter. Simon Quick Advisors LLC's holdings in Intuit were worth $1,434,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Intuit by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock valued at $107,854,000 after purchasing an additional 3,648 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in Intuit in the fourth quarter valued at $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Intuit in the fourth quarter valued at $237,244,000. V Square Quantitative Management LLC increased its stake in Intuit by 7.0% in the fourth quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker's stock valued at $4,821,000 after purchasing an additional 501 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in Intuit in the fourth quarter valued at $10,757,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Scott D. Cook sold 62,816 shares of Intuit stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the sale, the insider now owns 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction on 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 trade represents a 99.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,408 shares of company stock valued at $213,441,865. Company insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating and set a $820.00 price objective (up previously from $714.00) on shares of Intuit in a research report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and set a $825.00 price objective (up previously from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and set a $785.00 price objective (up previously from $720.00) on shares of Intuit in a research 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 research report on Friday, May 23rd. Finally, Oppenheimer restated an "outperform" rating and set a $742.00 price objective (up previously from $642.00) on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $785.33.

Intuit Trading Up 0.2%

Shares of INTU traded up $1.46 during mid-day trading on Thursday, reaching $766.21. The company had a trading volume of 1,299,085 shares, compared to its average volume of 1,613,610. The stock has a market cap of $213.73 billion, a price-to-earnings ratio of 74.39, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. The firm has a fifty day simple moving average of $656.45 and a 200-day simple moving average of $628.59. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $773.45. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $9.88 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

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.