United Advisor Group LLC Purchases Shares of 359 Intuit Inc. (NASDAQ:INTU)

United Advisor Group LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 359 shares of the software maker's stock, valued at approximately $226,000.

Several other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd bought a new position in Intuit during the 4th quarter worth $25,000. NewSquare Capital LLC increased its position in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Intuit during the fourth quarter valued at about $28,000. Finally, Summit Securities Group LLC bought a new stake in Intuit during the 4th quarter worth approximately $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Trading Down 0.5%

NASDAQ INTU traded down $3.75 on Friday, hitting $753.47. 2,886,402 shares of the stock were exchanged, compared to its average volume of 1,865,115. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average price of $628.02 and a two-hundred day moving average price of $623.14. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $761.02. The firm has a market capitalization of $210.64 billion, a P/E ratio of 73.15, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 17.59% and a return on equity of 18.25%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.88 earnings per share. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company's stock, valued at $4,800. The trade was a 99.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 16,185 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $753.21, for a total value of $12,190,703.85. Following the completion of the transaction, the executive vice president now owns 22,796 shares of the company's stock, valued at $17,170,175.16. This trade represents a 41.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,156 shares of company stock valued at $118,788,255. 2.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Morgan Stanley restated an "overweight" rating and set a $785.00 price target (up previously from $720.00) on shares of Intuit in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup restated a "buy" rating and set a $789.00 price target (up from $726.00) on shares of Intuit in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $785.33.

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.