Dynamic Advisor Solutions LLC Has $5.89 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Dynamic Advisor Solutions LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,594 shares of the software maker's stock after purchasing an additional 375 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Intuit were worth $5,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC grew its stake in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Intuit during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in Intuit during the 4th quarter worth approximately $28,000. Finally, VSM Wealth Advisory LLC purchased a new position in Intuit in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $765.99, for a total value of $48,116,427.84. Following the sale, the insider now directly owns 6,000,679 shares in the company, valued at approximately $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company's stock, valued at approximately $4,800. This trade represents a 99.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INTU shares. UBS Group set a $750.00 target price on shares of Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. Oppenheimer reissued an "outperform" rating and issued a $742.00 price objective (up from $642.00) on shares of Intuit in a research report on Friday, May 23rd. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $600.00 to $700.00 in a research report on Thursday, April 17th. KeyCorp reissued an "overweight" rating and issued a $850.00 price target (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $850.00 price objective (up previously from $760.00) on shares of Intuit in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $787.95.

Intuit Stock Performance

Shares of NASDAQ INTU traded up $14.10 during mid-day trading on Monday, hitting $768.08. The company had a trading volume of 1,428,231 shares, compared to its average volume of 1,837,341. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The stock has a market cap of $214.25 billion, a price-to-earnings ratio of 74.57, a PEG ratio of 2.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm's 50 day simple moving average is $664.85 and its two-hundred day simple moving average is $630.21.

Intuit (NASDAQ:INTU - Get Free Report) last posted 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 company had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $9.88 earnings per share. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

Intuit Company 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.