Stanley Laman Group Ltd. Has $905,000 Position in Intuit Inc. (NASDAQ:INTU)

Stanley Laman Group Ltd. lessened its stake in Intuit Inc. (NASDAQ:INTU) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,440 shares of the software maker’s stock after selling 39 shares during the period. Stanley Laman Group Ltd.’s holdings in Intuit were worth $905,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INTU. Creative Planning boosted its stake in shares of Intuit by 5.6% in the 3rd quarter. Creative Planning now owns 53,552 shares of the software maker’s stock valued at $33,256,000 after purchasing an additional 2,836 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Intuit by 4.4% in the third quarter. SeaCrest Wealth Management LLC now owns 687 shares of the software maker’s stock valued at $427,000 after acquiring an additional 29 shares during the last quarter. Kowal Investment Group LLC grew its holdings in Intuit by 103.7% during the 3rd quarter. Kowal Investment Group LLC now owns 768 shares of the software maker’s stock worth $477,000 after acquiring an additional 391 shares during the period. Naviter Wealth LLC raised its position in shares of Intuit by 5.2% during the 3rd quarter. Naviter Wealth LLC now owns 2,870 shares of the software maker’s stock valued at $1,782,000 after acquiring an additional 141 shares during the last quarter. Finally, Good Life Advisors LLC acquired a new position in shares of Intuit in the 3rd quarter valued at $367,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at $1,221,804. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction 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. This represents a 36.64 % 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 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Up 1.3 %

NASDAQ:INTU opened at $583.90 on Friday. The company has a market cap of $163.45 billion, a PE ratio of 56.69, a PEG ratio of 2.91 and a beta of 1.24. The stock has a 50-day simple moving average of $622.69 and a 200 day simple moving average of $630.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 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 analysts’ expectations of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. On average, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, January 10th. Intuit’s payout ratio is presently 40.39%.

Analyst Ratings Changes

INTU has been the subject of a number of analyst reports. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price for the company. Barclays lowered their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Morgan Stanley lifted 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. Finally, Stifel Nicolaus cut their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $726.53.

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.