Talbot Financial LLC Has $19.59 Million Stake in Intuit Inc. (NASDAQ:INTU)

Talbot Financial LLC lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,906 shares of the software maker's stock after selling 1,083 shares during the quarter. Intuit accounts for about 2.5% of Talbot Financial LLC's holdings, making the stock its 9th biggest position. Talbot Financial LLC's holdings in Intuit were worth $19,590,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Intuit in the 4th quarter valued at approximately $25,000. Copia Wealth Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC boosted its position in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after acquiring an additional 18 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Intuit during the fourth quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Intuit in the 4th quarter worth approximately $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, EVP Laura A. Fennell sold 25,648 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $752.25, for a total value of $19,293,708.00. Following the completion of the sale, the executive vice president now owns 22,796 shares of the company's stock, valued at approximately $17,148,291. The trade was a 52.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 16,061 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the completion of the transaction, the chief financial officer now owns 197 shares in the company, valued at $143,047.61. This represents a 98.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,804 shares of company stock valued at $138,081,963. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

INTU stock traded down $0.12 during trading on Thursday, reaching $766.69. 646,189 shares of the company's stock were exchanged, compared to its average volume of 1,616,880. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $773.47. The firm has a market cap of $213.87 billion, a PE ratio of 74.44, a P/E/G ratio of 2.85 and a beta of 1.24. The company's fifty day moving average price is $640.03 and its 200-day moving average price is $624.89. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period last year, the firm earned $9.88 EPS. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced 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. This represents a $4.16 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTU. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $825.00 price objective (up from $775.00) on shares of Intuit in a research note on Friday, May 23rd. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price on the stock in a research report on Wednesday, April 23rd. Mizuho raised their price target on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upped their price target on Intuit from $660.00 to $770.00 and gave the stock an "overweight" 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $785.33.

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.