Fulcrum Capital LLC Has $7.49 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Fulcrum Capital LLC decreased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,192 shares of the software maker's stock after selling 752 shares during the quarter. Intuit makes up about 1.7% of Fulcrum Capital LLC's holdings, making the stock its 21st biggest position. Fulcrum Capital LLC's holdings in Intuit were worth $7,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Intuit in the fourth quarter valued at approximately $104,278,000. Foundations Investment Advisors LLC lifted its stake in shares of Intuit by 65.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 666 shares of the software maker's stock worth $419,000 after buying an additional 264 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after buying an additional 482 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Intuit during the 4th quarter worth $25,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho raised their price target on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Evercore ISI boosted 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. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $785.33.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider now directly owns 6,063,495 shares in the company, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,804 shares of company stock worth $138,081,963 in the last ninety days. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

NASDAQ:INTU traded up $2.32 during mid-day trading on Wednesday, reaching $766.98. 607,042 shares of the company were exchanged, compared to its average volume of 1,616,294. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $768.09. 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 company has a fifty day moving average of $636.68 and a 200 day moving average of $623.91. The stock has a market cap of $213.95 billion, a PE ratio of 74.46, a PEG ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.88 EPS. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 annualized dividend and a dividend yield of 0.54%. Intuit's payout ratio is currently 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.