Wolf Group Capital Advisors Takes $225,000 Position in Intuit Inc. (NASDAQ:INTU)

Wolf Group Capital Advisors acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 367 shares of the software maker's stock, valued at approximately $225,000.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intuit by 2.2% in the 4th 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 during the period. Capitolis Liquid Global Markets LLC purchased a new position in shares of Intuit in the 4th quarter worth about $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Intuit in the 4th quarter valued at about $237,244,000. Alberta Investment Management Corp acquired a new position in shares of Intuit in the 4th quarter valued at about $10,757,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Intuit during the 4th quarter worth about $2,958,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Down 1.3%

Shares of NASDAQ:INTU traded down $10.07 during midday trading on Thursday, reaching $754.83. The company had a trading volume of 2,223,307 shares, compared to its average volume of 1,614,881. The stock has a market capitalization of $210.56 billion, a P/E ratio of 61.27, a PEG ratio of 3.40 and a beta of 1.28. The stock's fifty day moving average price is $675.86 and its 200-day moving average price is $632.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a one year low of $532.65 and a one year high of $773.45.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.88 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's payout ratio is currently 33.77%.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the completion of the sale, the insider now owns 6,000,679 shares in the company, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alex G. Balazs sold 1,459 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total transaction of $1,124,597.20. The disclosure for this sale can be found here. Insiders have sold a total of 286,706 shares of company stock valued at $212,420,665 in the last quarter. Insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several research reports. Barclays reiterated an "overweight" rating and set a $815.00 price objective (up from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Bank of America upped their price target on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho raised their price objective on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Stifel Nicolaus boosted their price objective on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Susquehanna reiterated 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, two have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus price target of $787.95.

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.