William Allan Corp Acquires 129 Shares of Intuit Inc. (NASDAQ:INTU)

William Allan Corp raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,306 shares of the software maker’s stock after buying an additional 129 shares during the quarter. Intuit comprises approximately 1.7% of William Allan Corp’s holdings, making the stock its 24th largest position. William Allan Corp’s holdings in Intuit were worth $2,706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of INTU. Brookstone Capital Management increased its holdings in shares of Intuit by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 2,020 shares of the software maker’s stock worth $1,254,000 after buying an additional 35 shares during the last quarter. CWM LLC increased its stake in Intuit by 1.4% during the third quarter. CWM LLC now owns 16,910 shares of the software maker’s stock worth $10,501,000 after acquiring an additional 227 shares during the last quarter. Abner Herrman & Brock LLC raised its position in Intuit by 0.4% during the third quarter. Abner Herrman & Brock LLC now owns 29,242 shares of the software maker’s stock valued at $18,159,000 after purchasing an additional 112 shares during the period. Wedmont Private Capital boosted its holdings in shares of Intuit by 1.4% in the 3rd quarter. Wedmont Private Capital now owns 3,729 shares of the software maker’s stock worth $2,246,000 after purchasing an additional 51 shares during the period. Finally, Quotient Wealth Partners LLC raised its holdings in Intuit by 1.4% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,529 shares of the software maker’s stock valued at $1,571,000 after buying an additional 36 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.3 %

NASDAQ:INTU opened at $590.20 on Friday. The company’s 50 day moving average is $628.37 and its two-hundred day moving average is $632.37. The company has a market cap of $165.21 billion, a PE ratio of 57.30, a P/E/G ratio of 2.96 and a beta of 1.25. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.70%. Intuit’s dividend payout ratio is presently 40.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler reiterated an “overweight” rating and set a $765.00 target price on shares of Intuit in a research report on Friday, January 10th. Finally, Oppenheimer lifted their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $726.53.

Insider Transactions at Intuit

In other news, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the sale, the chief financial officer now directly owns 1,944 shares in the company, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock valued at $188,992,187 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

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.