Universal Beteiligungs und Servicegesellschaft mbH Boosts Stake in Intuit Inc. (NASDAQ:INTU)

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 385,572 shares of the software maker's stock after buying an additional 8,096 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Intuit worth $236,737,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Copia Wealth Management purchased a new position in Intuit in the fourth quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Intuit in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter valued at $28,000. Olde Wealth Management LLC acquired a new stake in Intuit in the first quarter valued at $37,000. Finally, Atlantic Edge Private Wealth Management LLC raised its stake in Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock valued at $50,000 after buying an additional 68 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of Intuit stock traded up $5.52 during trading on Thursday, hitting $781.52. 1,024,840 shares of the company were exchanged, compared to its average volume of 1,777,011. 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 fifty-two week low of $532.65 and a fifty-two week high of $790.60. The stock has a market capitalization of $218.00 billion, a price-to-earnings ratio of 63.44, a P/E/G ratio of 3.40 and a beta of 1.27. The firm has a 50 day moving average price of $750.68 and a 200 day moving average price of $653.55.

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 firm had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the previous year, the company earned $9.88 EPS. Intuit's revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 10th were given a dividend of $1.04 per share. The ex-dividend date was Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.53%. Intuit's dividend payout ratio (DPR) is 33.77%.

Analysts Set New Price Targets

INTU has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. UBS Group set a $750.00 price target on Intuit and gave the stock a "neutral" rating in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target (up previously from $760.00) on shares of Intuit in a report on Friday, May 23rd. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $800.55.

Insider Activity

In related news, CAO Lauren D. Hotz sold 1,738 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the sale, the chief accounting officer directly owned 455 shares of the company's stock, valued at approximately $356,760.95. This represents a 79.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president directly owned 19 shares of the company's stock, valued at approximately $14,704.10. This trade represents a 98.37% 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. Insiders own 2.68% of the company's stock.

Intuit Company 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.