Intuit Inc. (NASDAQ:INTU) is Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's 3rd Largest Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 952,530 shares of the software maker's stock after selling 14,398 shares during the period. Intuit makes up about 5.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 3rd largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.34% of Intuit worth $580,824,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. NewSquare Capital LLC bought a new stake in shares of Intuit in the third quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit in the fourth quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit in the third quarter worth approximately $26,000. MCF Advisors LLC grew its stake in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker's stock worth $29,000 after acquiring an additional 25 shares during the period. Finally, Aspire Private Capital LLC grew its stake in shares of Intuit by 144.4% in the third quarter. Aspire Private Capital LLC now owns 66 shares of the software maker's stock worth $34,000 after acquiring an additional 39 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Intuit stock traded down $1.16 during mid-day trading on Thursday, reaching $614.04. 1,091,919 shares of the company's stock traded hands, compared to its average volume of 1,243,925. The company has a market cap of $171.93 billion, a price-to-earnings ratio of 62.66, a PEG ratio of 3.81 and a beta of 1.22. The stock has a 50 day moving average of $638.17 and a two-hundred day moving average of $605.07. 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 12-month low of $400.22 and a 12-month high of $671.01.

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

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, April 9th. Intuit's payout ratio is 36.73%.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of the company's 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 sale, the chief accounting officer now owns 3,180 shares of the company's stock, valued at $2,083,313.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the business's 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 transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

INTU has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Intuit from $615.00 to $710.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. Susquehanna boosted their target price on shares of Intuit from $700.00 to $775.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. Evercore ISI boosted their target price on shares of Intuit from $670.00 to $725.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Oppenheimer boosted their target price on shares of Intuit from $678.00 to $712.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Finally, KeyCorp boosted their target price on shares of Intuit from $700.00 to $720.00 and gave the company an "overweight" rating in a research report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $650.23.

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.

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