Savant Capital LLC Acquires 401 Shares of Intuit Inc. (NASDAQ:INTU)

Savant Capital LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,394 shares of the software maker’s stock after buying an additional 401 shares during the period. Savant Capital LLC’s holdings in Intuit were worth $2,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in INTU. Canvas Wealth Advisors LLC raised its holdings in shares of Intuit by 11.3% during the 4th quarter. Canvas Wealth Advisors LLC now owns 591 shares of the software maker’s stock valued at $371,000 after buying an additional 60 shares in the last quarter. Angeles Wealth Management LLC grew its position in Intuit by 13.3% during the fourth quarter. Angeles Wealth Management LLC now owns 443 shares of the software maker’s stock valued at $278,000 after acquiring an additional 52 shares during the last quarter. Wealthstar Advisors LLC purchased a new position in shares of Intuit during the fourth quarter worth approximately $581,000. Martin Capital Advisors LLP lifted its holdings in shares of Intuit by 2.3% in the 4th quarter. Martin Capital Advisors LLP now owns 5,611 shares of the software maker’s stock worth $3,527,000 after acquiring an additional 125 shares during the last quarter. Finally, 17 Capital Partners LLC lifted its stake in Intuit by 4.2% in the fourth quarter. 17 Capital Partners LLC now owns 739 shares of the software maker’s stock worth $464,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $576.54 on Thursday. The stock has a market cap of $161.39 billion, a price-to-earnings ratio of 55.97, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. The firm has a 50-day moving average of $624.25 and a two-hundred day moving average of $631.05. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders 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 annualized dividend and a yield of 0.72%. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler reissued an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research note on Friday, January 10th. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Finally, Stifel Nicolaus reduced their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Insider Activity

In other news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the sale, the chief executive officer now directly owns 37,869 shares of the company’s stock, valued at approximately $23,701,828.41. This represents a 41.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,014 shares of company stock worth $188,992,187. 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.