Mogy Joel R Investment Counsel Inc. Has $44.89 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Mogy Joel R Investment Counsel Inc. boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,109 shares of the software maker's stock after acquiring an additional 1,123 shares during the quarter. Intuit comprises approximately 2.9% of Mogy Joel R Investment Counsel Inc.'s portfolio, making the stock its 13th biggest holding. Mogy Joel R Investment Counsel Inc.'s holdings in Intuit were worth $44,888,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in Intuit in the 4th quarter worth about $25,000. NewSquare Capital LLC boosted its stake in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Intuit in the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter worth about $28,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Intuit in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Intuit from $825.00 to $880.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and issued a $785.00 price objective (up from $720.00) on shares of Intuit in a report on Friday, May 23rd. Redburn Atlantic assumed coverage on Intuit in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Finally, Citigroup restated a "buy" rating and issued a $789.00 price objective (up from $726.00) on shares of Intuit in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $787.95.

Intuit Stock Down 1.6%

INTU stock traded down $12.23 during midday trading on Friday, hitting $753.98. 1,148,047 shares of the company's stock were exchanged, compared to its average volume of 1,611,840. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $773.45. The firm has a 50 day moving average price of $664.85 and a 200-day moving average price of $630.21. The stock has a market capitalization of $210.32 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its 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 analyst estimates of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $9.88 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm 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 0.55%. The ex-dividend date is Thursday, July 10th. Intuit's payout ratio is currently 33.77%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now owns 8 shares of the company's stock, valued at $4,800. The trade was a 99.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total value of $11,662,373.93. Following the sale, the chief financial officer now directly owns 197 shares in the company, valued at $143,047.61. The trade was a 98.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,408 shares of company stock valued at $213,441,865 in the last quarter. Corporate insiders own 2.68% of the company's stock.

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.