Crew Capital Management Ltd. Cuts Stake in Intuit Inc. (NASDAQ:INTU)

Crew Capital Management Ltd. reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 83.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 424 shares of the software maker's stock after selling 2,194 shares during the quarter. Crew Capital Management Ltd.'s holdings in Intuit were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Strategic Blueprint LLC acquired a new stake in Intuit in the 3rd quarter valued at $221,000. Valeo Financial Advisors LLC increased its stake in Intuit by 7.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,005 shares of the software maker's stock valued at $1,025,000 after buying an additional 147 shares during the last quarter. Bfsg LLC acquired a new stake in Intuit in the 3rd quarter valued at $901,000. Brookstone Capital Management increased its stake in Intuit by 14.3% in the 3rd quarter. Brookstone Capital Management now owns 2,273 shares of the software maker's stock valued at $1,185,000 after buying an additional 285 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its stake in Intuit by 3.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 8,327 shares of the software maker's stock valued at $4,255,000 after buying an additional 252 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the transaction, the chief accounting officer now owns 3,180 shares of the company's stock, valued at $2,083,313.40. The sale 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 on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares of the company's stock, valued at $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares of the company's stock, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on INTU shares. Oppenheimer boosted their price objective on shares of Intuit from $678.00 to $712.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Intuit from $560.00 to $585.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. Susquehanna boosted their price objective on shares of Intuit from $700.00 to $775.00 and gave the stock a "positive" rating in a research note on Friday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Intuit from $615.00 to $710.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. Finally, Barclays boosted their price objective on shares of Intuit from $735.00 to $745.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $650.23.

Intuit Trading Up 0.3 %

NASDAQ INTU traded up $1.84 on Monday, hitting $638.39. The company's stock had a trading volume of 886,453 shares, compared to its average volume of 1,245,412. 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 company's 50-day moving average is $639.91 and its 200 day moving average is $604.28. The firm has a market cap of $178.75 billion, a PE ratio of 65.14, a PEG ratio of 3.88 and a beta of 1.21.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly 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 net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same period in the prior year, the company posted $1.05 EPS. The company's revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, April 9th. Intuit's dividend payout ratio (DPR) is currently 36.73%.

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.