Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Intuit Inc. (NASDAQ:INTU)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,823 shares of the software maker's stock after purchasing an additional 6,747 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Intuit worth $103,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in INTU. NewSquare Capital LLC bought a new position in Intuit in the 3rd quarter worth about $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit during the 3rd quarter valued at about $26,000. Steward Financial Group LLC boosted its position in shares of Intuit by 50.0% during the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker's stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Aspire Private Capital LLC boosted its position in shares of Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker's stock valued at $34,000 after acquiring an additional 39 shares during the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Intuit during the 4th quarter valued at about $41,000. Institutional investors own 83.66% of the company's stock.

Intuit Trading Down 0.1 %

Shares of INTU traded down $0.63 during mid-day trading on Tuesday, hitting $611.49. 1,264,825 shares of the company's stock traded hands, compared to its average volume of 1,249,739. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The firm has a market capitalization of $171.22 billion, a P/E ratio of 62.40, a PEG ratio of 3.78 and a beta of 1.21. The business's 50-day moving average price is $645.48 and its 200-day moving average price is $598.28.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.90 per share. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. Intuit's dividend payout ratio (DPR) is presently 36.73%.

Insider Activity

In other news, EVP Kerry J. Mclean sold 3,692 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the transaction, the executive vice president now directly owns 22,948 shares of the company's stock, valued at $15,233,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,717 shares of company stock valued at $3,117,156. Company insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INTU shares. Wells Fargo & Company lifted their price target on Intuit from $615.00 to $710.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. Barclays lifted their price target on Intuit from $735.00 to $745.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on Intuit from $560.00 to $585.00 and gave the company a "neutral" rating in a research report on Friday, February 23rd. Susquehanna raised their price objective on Intuit from $700.00 to $775.00 and gave the company a "positive" rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus raised their price objective on Intuit from $600.00 to $720.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $645.00.

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.