4,323 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by FORA Capital LLC

FORA Capital LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,323 shares of the software maker’s stock, valued at approximately $2,685,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CreativeOne Wealth LLC boosted its position in shares of Intuit by 26.4% during the third quarter. CreativeOne Wealth LLC now owns 9,319 shares of the software maker’s stock worth $5,787,000 after acquiring an additional 1,947 shares during the last quarter. BNP Paribas boosted its holdings in shares of Intuit by 1.4% during the 3rd quarter. BNP Paribas now owns 4,477 shares of the software maker’s stock valued at $2,751,000 after purchasing an additional 63 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Intuit by 102.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 188,140 shares of the software maker’s stock valued at $116,835,000 after purchasing an additional 95,115 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in shares of Intuit by 3.4% in the third quarter. Blueshift Asset Management LLC now owns 4,599 shares of the software maker’s stock worth $2,856,000 after purchasing an additional 150 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Intuit by 2.4% in the third quarter. Glenmede Trust Co. NA now owns 15,647 shares of the software maker’s stock worth $9,717,000 after buying an additional 361 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 0.2 %

Intuit stock traded down $0.99 during trading hours on Wednesday, hitting $637.84. The company had a trading volume of 167,989 shares, compared to its average volume of 1,360,763. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $178.62 billion, a P/E ratio of 62.02, a P/E/G ratio of 3.14 and a beta of 1.25. The company has a 50-day moving average price of $634.46 and a two-hundred day moving average price of $631.29. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, sell-side analysts anticipate that Intuit Inc. will post 14.05 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit’s payout ratio is 40.39%.

Insider Activity

In other news, EVP Kerry J. Mclean sold 11,079 shares of Intuit stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $631.61, for a total value of $6,997,607.19. Following the transaction, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $15,752,985.01. This trade represents a 30.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 862 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total value of $535,327.86. Following the completion of the transaction, the chief financial officer now directly owns 3,840 shares of the company’s stock, valued at approximately $2,384,755.20. The trade was a 18.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,265 shares of company stock worth $35,200,125. Company insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on INTU shares. Jefferies Financial Group lifted their price objective on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. StockNews.com cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Bank of America increased their price objective on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley boosted their target price on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Finally, Barclays lowered their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $737.44.

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.