Intuit Inc. (NASDAQ:INTU) Shares Bought by Fulcrum Capital LLC

Fulcrum Capital LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,944 shares of the software maker’s stock after buying an additional 138 shares during the quarter. Intuit makes up 1.7% of Fulcrum Capital LLC’s holdings, making the stock its 20th biggest position. Fulcrum Capital LLC’s holdings in Intuit were worth $8,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Intuit during the second quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new position in Intuit during the third quarter valued at $27,000. Denver PWM LLC purchased a new position in Intuit during the third quarter valued at $32,000. Dunhill Financial LLC lifted its holdings in Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock valued at $38,000 after purchasing an additional 32 shares in the last quarter. Finally, Groupama Asset Managment lifted its holdings in Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock valued at $47,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTU. Morgan Stanley raised their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research note on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and issued a $765.00 price target on shares of Intuit in a research note on Friday. Barclays decreased their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price target on the stock. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $737.44.

Intuit Stock Down 1.5 %

Shares of INTU stock traded down $9.27 during trading on Monday, reaching $614.16. The company’s stock had a trading volume of 745,309 shares, compared to its average volume of 1,257,692. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $171.91 billion, a price-to-earnings ratio of 59.63, a P/E/G ratio of 3.24 and a beta of 1.25. The stock’s 50-day moving average price is $649.58 and its 200 day moving average price is $638.21. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts anticipate that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be paid a $1.04 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. Intuit’s dividend payout ratio is currently 40.39%.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total transaction of $814,346.00. Following the completion of the sale, the chief financial officer now owns 644 shares in the company, valued at approximately $403,414.48. The trade was a 66.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 291,936 shares of company stock worth $188,324,604 over the last 90 days. 2.68% of the stock is owned by 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.