Intuit Inc. (NASDAQ:INTU) Shares Acquired by Chatham Capital Group Inc.

Chatham Capital Group Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1,164.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,400 shares of the software maker's stock after purchasing an additional 4,052 shares during the quarter. Chatham Capital Group Inc.'s holdings in Intuit were worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INTU. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock valued at $16,991,696,000 after purchasing an additional 353,185 shares in the last quarter. Geode Capital Management LLC increased its holdings in Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock worth $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP raised its position in Intuit by 13.3% in the 4th 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. Norges Bank purchased a new position in Intuit in the 4th quarter worth about $2,290,419,000. Finally, Northern Trust Corp lifted its stake in Intuit by 17.3% during the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock valued at $2,118,682,000 after acquiring an additional 498,030 shares during the period. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ INTU traded up $4.94 on Friday, reaching $771.58. The company had a trading volume of 1,475,201 shares, compared to its average volume of 1,618,677. The stock has a market capitalization of $215.23 billion, a PE ratio of 74.91, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $774.80. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm's 50 day moving average price is $643.09 and its 200 day moving average price is $625.50.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.89 by $0.76. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm 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 firm posted $9.88 earnings per share. The business's revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp reissued an "overweight" rating and set a $850.00 price objective (up from $770.00) on shares of Intuit in a report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Piper Sandler restated an "overweight" rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Evercore ISI upped their price objective on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. One 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $785.33.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 72,442 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the transaction, the insider now owns 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,592 shares of company stock worth $165,325,437 over the last 90 days. 2.68% of the stock is owned by 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.