Trek Financial LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 33.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,790 shares of the software maker's stock after purchasing an additional 448 shares during the period. Trek Financial LLC's holdings in Intuit were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after acquiring an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after purchasing an additional 482 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Intuit by 14.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 248 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Intuit by 78.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,693 shares of the software maker's stock valued at $1,064,000 after purchasing an additional 746 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Intuit by 41.2% in the 4th quarter. Edgestream Partners L.P. now owns 2,298 shares of the software maker's stock valued at $1,444,000 after purchasing an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.
Intuit Stock Performance
NASDAQ:INTU traded down $11.89 during trading hours on Wednesday, reaching $769.59. 1,486,175 shares of the company's stock were exchanged, compared to its average volume of 1,619,695. The firm has a market capitalization of $214.68 billion, a price-to-earnings ratio of 62.47, a P/E/G ratio of 3.49 and a beta of 1.27. The company has a 50-day moving average of $725.37 and a 200 day moving average of $644.37. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. 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 released 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. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter last year, the business earned $9.88 EPS. The business's revenue was up 15.1% on a year-over-year basis. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.
Intuit Announces Dividend
The business 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 $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. Intuit's dividend payout ratio is presently 33.77%.
Insiders Place Their Bets
In other news, EVP Marianna Tessel sold 34,329 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $760.84, for a total value of $26,118,876.36. Following the completion of the transaction, the executive vice president owned 40,767 shares in the company, valued at $31,017,164.28. This trade represents a 45.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 25,648 shares of the firm'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 owned 22,796 shares of the company's stock, valued at $17,148,291. This trade represents a 52.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 279,134 shares of company stock worth $209,207,905. Insiders own 2.68% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on INTU shares. The Goldman Sachs Group upped their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 price objective (up from $760.00) on shares of Intuit in a report on Friday, May 23rd. Bank of America upped their price objective on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $820.00 price objective (up from $714.00) on shares of Intuit in a report on Friday, May 23rd. Finally, UBS Group set a $750.00 price objective on shares of Intuit and gave the stock a "neutral" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $798.27.
Read Our Latest Analysis on Intuit
Intuit Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Intuit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intuit wasn't on the list.
While Intuit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report