Haverford Trust Co Grows Position in Intuit Inc. (NASDAQ:INTU)

Haverford Trust Co lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,321 shares of the software maker's stock after buying an additional 2,269 shares during the quarter. Haverford Trust Co's holdings in Intuit were worth $45,828,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of INTU. Arete Wealth Advisors LLC purchased a new position in shares of Intuit in the third quarter worth $216,000. Aubrey Capital Management Ltd bought a new position in Intuit during the third quarter valued at $2,504,000. Allworth Financial LP lifted its position in Intuit by 6.0% during the third quarter. Allworth Financial LP now owns 2,220 shares of the software maker's stock valued at $1,135,000 after purchasing an additional 126 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Intuit by 15.3% during the third quarter. Teacher Retirement System of Texas now owns 76,666 shares of the software maker's stock valued at $39,172,000 after purchasing an additional 10,177 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its position in Intuit by 2.1% during the third quarter. Money Concepts Capital Corp now owns 1,267 shares of the software maker's stock valued at $648,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on INTU shares. Stifel Nicolaus raised their target price on shares of Intuit from $600.00 to $720.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. KeyCorp raised their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. raised their price target 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. Oppenheimer raised their price target 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. Finally, Morgan Stanley raised their target price on shares of Intuit from $680.00 to $740.00 and gave the company an "overweight" rating in a research report on Monday. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $657.95.

Intuit Price Performance

NASDAQ INTU traded up $7.81 on Friday, hitting $661.18. The company had a trading volume of 774,678 shares, compared to its average volume of 1,209,550. The company has a market capitalization of $185.13 billion, a PE ratio of 67.47, a PEG ratio of 3.99 and a beta of 1.22. The company's fifty day moving average price is $633.74 and its 200-day moving average price is $613.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. 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 issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, analysts predict that Intuit Inc. will post 11.28 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, April 9th. Intuit's dividend payout ratio (DPR) is 36.73%.

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction that occurred 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. Insiders have sold a total of 4,717 shares of company stock worth $3,117,156 in the last ninety days. Insiders own 2.90% of the company's stock.

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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