Quilter Plc Purchases 5,217 Shares of Intuit Inc. (NASDAQ:INTU)

Quilter Plc raised its position in Intuit Inc. (NASDAQ:INTU) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 163,088 shares of the software maker’s stock after buying an additional 5,217 shares during the period. Intuit accounts for approximately 2.0% of Quilter Plc’s investment portfolio, making the stock its 17th biggest holding. Quilter Plc’s holdings in Intuit were worth $102,501,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC increased its position in shares of Intuit by 8.4% during the fourth quarter. Opal Wealth Advisors LLC now owns 450 shares of the software maker’s stock worth $283,000 after acquiring an additional 35 shares in the last quarter. Savant Capital LLC increased its position in shares of Intuit by 13.4% during the fourth quarter. Savant Capital LLC now owns 3,394 shares of the software maker’s stock worth $2,133,000 after acquiring an additional 401 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in shares of Intuit by 11.3% during the fourth quarter. Canvas Wealth Advisors LLC now owns 591 shares of the software maker’s stock worth $371,000 after acquiring an additional 60 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Intuit by 13.3% during the fourth quarter. Angeles Wealth Management LLC now owns 443 shares of the software maker’s stock worth $278,000 after acquiring an additional 52 shares in the last quarter. Finally, Wealthstar Advisors LLC bought a new stake in shares of Intuit during the fourth quarter worth $581,000. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INTU. Stifel Nicolaus decreased their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price for the company. in a research report on Wednesday, January 15th. Barclays decreased their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Scotiabank started coverage on shares of Intuit in a research report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $726.53.

Intuit Price Performance

Shares of Intuit stock opened at $578.85 on Monday. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $626.20 and a two-hundred day simple moving average of $631.58. The stock has a market capitalization of $162.03 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business 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 company earned $1.14 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio is currently 40.39%.

Insider Buying and Selling at Intuit

In related news, EVP Laura A. Fennell sold 4,788 shares of Intuit stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the sale, the executive vice president now directly owns 30,010 shares of the company’s stock, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the sale, the executive vice president now directly owns 489 shares in the company, valued at $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock valued at $188,992,187 in the last ninety days. 2.68% of the stock is currently owned by company insiders.

Intuit Company 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.