Jacobs & Co. CA Has $8.86 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Jacobs & Co. CA lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,432 shares of the software maker's stock after purchasing an additional 1,084 shares during the period. Jacobs & Co. CA's holdings in Intuit were worth $8,861,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in INTU. Norges Bank acquired a new stake in shares of Intuit during the fourth quarter worth $2,290,419,000. Proficio Capital Partners LLC raised its holdings in Intuit by 112,233.1% during the 4th quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker's stock worth $668,595,000 after buying an additional 1,062,847 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after buying an additional 771,232 shares during the period. Wellington Management Group LLP raised its holdings in Intuit by 13.3% during 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 period. Finally, Unisphere Establishment raised its holdings in shares of Intuit by 50.0% during the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after acquiring an additional 500,000 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock traded down $5.18 on Friday, reaching $752.04. The stock had a trading volume of 2,887,091 shares, compared to its average volume of 1,625,454. The business's 50-day moving average price is $630.69 and its two-hundred day moving average price is $623.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $761.02. The stock has a market cap of $210.24 billion, a P/E ratio of 73.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion during 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%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.88 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be issued 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 dividend yield of 0.55%. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $600.00 to $700.00 in a research report on Thursday, April 17th. Oppenheimer reiterated an "outperform" rating and issued a $742.00 target price (up previously from $642.00) on shares of Intuit in a report on Friday, May 23rd. KeyCorp reiterated an "overweight" rating and issued a $850.00 target price (up previously from $770.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Barclays reiterated an "overweight" rating and issued a $815.00 target price (up previously from $775.00) on shares of Intuit in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $785.33.

Insider Transactions at Intuit

In other news, Director Eve B. Burton sold 1,702 shares of the company'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 completion of the transaction, the director now owns 8 shares of the company's stock, valued at approximately $4,800. This represents a 99.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 25,648 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the transaction, the executive vice president now directly owns 22,796 shares of the company's stock, valued at $17,148,291. This represents a 52.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,804 shares of company stock worth $138,081,963 over the last three months. 2.68% of the stock is currently owned by insiders.

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.