Twin Peaks Wealth Advisors LLC Has $955,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Twin Peaks Wealth Advisors LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 168.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,607 shares of the software maker's stock after acquiring an additional 1,008 shares during the quarter. Twin Peaks Wealth Advisors LLC's holdings in Intuit were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after buying an additional 3,648 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in Intuit during the fourth quarter worth $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intuit during the fourth quarter worth $237,244,000. V Square Quantitative Management LLC boosted its stake in Intuit by 7.0% during the fourth quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker's stock worth $4,821,000 after buying an additional 501 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Intuit in the 4th quarter valued at $10,757,000. Institutional investors own 83.66% of the company's stock.

Intuit Trading Down 1.6%

Intuit stock traded down $12.23 during trading hours on Friday, reaching $753.98. 1,148,047 shares of the company's stock traded hands, compared to its average volume of 1,609,672. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $773.45. The firm has a market capitalization of $210.32 billion, a price-to-earnings ratio of 73.20, a PEG ratio of 2.85 and a beta of 1.28. The firm's 50 day moving average is $660.65 and its 200-day moving average is $629.50.

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. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the company posted $9.88 EPS. The company's revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

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 paid a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Insider Activity

In other news, insider Scott D. Cook sold 62,816 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $765.99, for a total value of $48,116,427.84. Following the completion of the sale, the insider now directly owns 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. This represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 1,459 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Insiders sold a total of 288,408 shares of company stock valued at $213,441,865 in the last ninety days. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

INTU has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Morgan Stanley restated an "overweight" rating and issued a $785.00 target price (up previously from $720.00) on shares of Intuit in a research note on Friday, May 23rd. Evercore ISI boosted their target price on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Citigroup restated a "buy" rating and issued a $789.00 target price (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $787.95.

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.