Sivia Capital Partners LLC Has $375,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Sivia Capital Partners LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 577 shares of the software maker’s stock after buying an additional 45 shares during the quarter. Sivia Capital Partners LLC’s holdings in Intuit were worth $375,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new position in Intuit during the fourth quarter valued at approximately $25,000. MCF Advisors LLC boosted its position in Intuit by 119.0% during the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Intuit during the fourth quarter valued at approximately $38,000. Sachetta LLC bought a new stake in Intuit in the fourth quarter valued at approximately $39,000. Finally, Webster Bank N. A. bought a new stake in Intuit in the fourth quarter valued at approximately $41,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Price Performance

Shares of INTU stock traded up $2.55 during trading hours on Wednesday, reaching $658.77. The company’s stock had a trading volume of 441,620 shares, compared to its average volume of 1,339,565. The firm’s 50 day simple moving average is $619.94 and its 200-day simple moving average is $628.97. The company has a market capitalization of $184.16 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 3.76 and a beta of 1.23. Intuit Inc. has a fifty-two week low of $444.19 and a fifty-two week high of $676.62. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.12 by $1.76. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $7.80 EPS. Sell-side analysts forecast that Intuit Inc. will post 11.72 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 10th. Intuit’s dividend payout ratio is presently 33.21%.

Insider Buying and Selling at Intuit

In related news, EVP Mark P. Notarainni sold 465 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $281,129.70. Following the sale, the executive vice president now owns 869 shares of the company’s stock, valued at approximately $525,380.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Mark P. Notarainni sold 465 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $281,129.70. Following the sale, the executive vice president now owns 869 shares of the company’s stock, valued at approximately $525,380.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total value of $44,838,750.00. Following the sale, the insider now directly owns 6,791,469 shares in the company, valued at approximately $4,060,279,741.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,937 shares of company stock valued at $113,123,232. 2.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on INTU shares. UBS Group upped their price objective on Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a research note on Monday, May 20th. Morgan Stanley upped their price objective on Intuit from $680.00 to $740.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Erste Group Bank restated a “hold” rating on shares of Intuit in a research note on Friday, June 14th. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Finally, Bank of America dropped their price objective on Intuit from $760.00 to $730.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Five research analysts have rated the stock with a hold rating and twenty have given 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 $687.22.

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.