Jefferies Financial Group Inc. Has $9.37 Million Stake in Intuit Inc. (NASDAQ:INTU)

Jefferies Financial Group Inc. trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 68.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,913 shares of the software maker's stock after selling 31,747 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Intuit were worth $9,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. NewSquare Capital LLC raised its position in shares of Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit in the 4th quarter worth approximately $28,000. Finally, Summit Securities Group LLC bought a new position in Intuit in the 4th quarter worth approximately $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Down 0.7%

Shares of INTU traded down $5.18 during mid-day trading on Friday, reaching $752.04. The company's stock had a trading volume of 2,887,091 shares, compared to its average volume of 1,625,454. The business has a fifty day moving average of $630.69 and a 200 day moving average of $623.50. The company has a market cap of $210.24 billion, a price-to-earnings ratio of 73.01, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $761.02. 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 released 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 during the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.88 earnings per share. As a group, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 annualized dividend and a dividend yield of 0.55%. Intuit's dividend payout ratio is 33.77%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent analyst reports. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $825.00 price target (up from $775.00) on shares of Intuit in a research note on Friday, May 23rd. KeyCorp reaffirmed an "overweight" rating and set a $850.00 price target (up from $770.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, UBS Group set a $750.00 price target on Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given 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 presently has an average rating of "Moderate Buy" and an average price target of $785.33.

Insider Buying and Selling

In related news, EVP Mark P. Notarainni sold 469 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total transaction of $340,025.00. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $13,775. This trade represents a 96.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the stock in a transaction on Thursday, March 20th. The stock was 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 of the company's stock, valued at approximately $4,800. This represents a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,804 shares of company stock worth $138,081,963. Corporate insiders own 2.68% of the company's stock.

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.