Everpar Advisors LLC Invests $782,000 in Intuit Inc. (NASDAQ:INTU)

Everpar Advisors LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,251 shares of the software maker's stock, valued at approximately $782,000.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Intuit in the 3rd quarter worth approximately $51,000. V Square Quantitative Management LLC boosted its holdings in Intuit by 18.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker's stock worth $1,558,000 after buying an additional 482 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Intuit by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,268 shares of the software maker's stock worth $13,293,000 after buying an additional 226 shares during the period. Glenmede Trust Co. NA boosted its holdings in Intuit by 12.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker's stock worth $9,400,000 after buying an additional 2,074 shares during the period. Finally, Hixon Zuercher LLC bought a new position in Intuit in the 4th quarter worth approximately $1,292,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of the business's stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Lauren D. Hotz sold 745 shares of the business's stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 280 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was 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 4,717 shares of company stock worth $3,117,156 over the last 90 days. 2.90% of the stock is owned by company insiders.

Intuit Trading Up 1.0 %

NASDAQ:INTU traded up $6.51 during trading hours on Tuesday, reaching $641.15. The company's stock had a trading volume of 757,578 shares, compared to its average volume of 1,231,888. The firm has a market capitalization of $179.52 billion, a price-to-earnings ratio of 65.42, a PEG ratio of 3.83 and a beta of 1.22. The firm has a 50-day simple moving average of $636.41 and a 200-day simple moving average of $608.45. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data 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. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts expect that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Mizuho raised their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Evercore ISI raised their price target on shares of Intuit from $670.00 to $725.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their price target on shares of Intuit from $560.00 to $585.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. Barclays raised their price target on shares of Intuit from $735.00 to $745.00 and gave the company an "overweight" rating in a report on Friday, February 23rd. Finally, Oppenheimer raised their price target on shares of Intuit from $678.00 to $712.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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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