Intuit Inc. (NASDAQ:INTU) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 15.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,552 shares of the software maker's stock after selling 41,374 shares during the period. Intuit makes up approximately 6.3% of Ownership Capital B.V.'s portfolio, making the stock its 5th largest position. Ownership Capital B.V. owned about 0.08% of Intuit worth $136,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in shares of Intuit during the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new position in Intuit during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in Intuit during the fourth quarter worth about $28,000. VSM Wealth Advisory LLC purchased a new stake in shares of Intuit in the fourth quarter valued at about $35,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intuit in the first quarter valued at approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

NASDAQ INTU remained flat at $747.90 during trading hours on Friday. The company had a trading volume of 1,047,778 shares, compared to its average volume of 1,621,283. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $790.60. The stock has a market cap of $208.63 billion, a P/E ratio of 60.71, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The business's fifty day moving average is $733.03 and its 200 day moving average is $646.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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 21.46% and a net margin of 19.07%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the firm earned $9.88 EPS. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.56%. Intuit's dividend payout ratio is currently 33.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTU. BMO Capital Markets set a $870.00 price objective on Intuit and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, UBS Group set a $750.00 target price on shares of Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $800.55.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock worth $209,725,054 in the last quarter. 2.68% of the stock is owned by corporate insiders.

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.