Unique Wealth LLC Raises Stock Position in Intuit Inc. (NASDAQ:INTU)

Unique Wealth LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,159 shares of the software maker's stock after purchasing an additional 1,144 shares during the period. Unique Wealth LLC's holdings in Intuit were worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management purchased a new position in shares of Intuit during the fourth quarter worth $25,000. NewSquare Capital LLC grew its position in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares during the period. Summit Securities Group LLC acquired a new stake in Intuit during the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit during the fourth quarter valued at $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in Intuit during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several analyst reports. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Barclays restated an "overweight" rating and set a $815.00 price target (up previously from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Susquehanna restated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. KeyCorp restated an "overweight" rating and set a $850.00 price target (up previously from $770.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Stifel Nicolaus raised their price target on shares of Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $785.33.

Insider Activity

In other news, CFO Sandeep Aujla sold 16,061 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $143,047.61. The trade was a 98.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott D. Cook sold 72,442 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the sale, the insider now directly owns 6,063,495 shares in the company, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 225,592 shares of company stock valued at $165,325,437. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of INTU stock opened at $766.64 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm's 50-day moving average is $643.09 and its two-hundred day moving average is $625.50. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The company has a market capitalization of $213.85 billion, a PE ratio of 74.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

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 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 previous year, the firm earned $9.88 earnings per share. Intuit's quarterly revenue was up 15.1% compared to the same quarter last year. Analysts predict that Intuit Inc. will post 14.09 earnings per share 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 paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

About Intuit

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.

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