Mather Group LLC. Has $3.54 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Mather Group LLC. grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 88.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,761 shares of the software maker's stock after acquiring an additional 2,705 shares during the period. Mather Group LLC.'s holdings in Intuit were worth $3,537,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Intuit by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Intuit during the fourth quarter worth $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Intuit during the fourth quarter worth $237,244,000. Aigen Investment Management LP bought a new stake in shares of Intuit in the fourth quarter valued at about $2,958,000. Finally, Baer Investment Advisory LLC acquired a new position in shares of Intuit in the fourth quarter valued at about $3,261,000. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

Shares of INTU traded up $8.56 during mid-day trading on Friday, reaching $782.26. The company had a trading volume of 822,973 shares, compared to its average volume of 1,619,453. The company has a market capitalization of $218.21 billion, a price-to-earnings ratio of 63.49, a P/E/G ratio of 3.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The company's 50 day simple moving average is $715.74 and its 200 day simple moving average is $641.72. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $790.60.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.88 EPS. Analysts expect that Intuit Inc. will post 14.09 EPS for the current 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 given a $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.53%. Intuit's dividend payout ratio is presently 33.77%.

Analyst Ratings Changes

INTU has been the subject of several analyst reports. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group raised their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Barclays reiterated an "overweight" rating and issued a $815.00 price target (up from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target (up previously from $760.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Bank of America lifted their price objective on Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $793.05.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 62,816 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the transaction, the insider directly owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,661 shares of company stock valued at $206,491,776. 2.68% of the stock is currently owned by company 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.