Intuit Inc. (NASDAQ:INTU) Shares Sold by Quent Capital LLC

Quent Capital LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,123 shares of the software maker’s stock after selling 87 shares during the quarter. Quent Capital LLC’s holdings in Intuit were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Great Diamond Partners LLC lifted its holdings in Intuit by 2.8% during the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker’s stock valued at $394,000 after purchasing an additional 17 shares in the last quarter. NewSquare Capital LLC lifted its stake in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after buying an additional 18 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in Intuit by 3.7% in the 4th quarter. Ethos Financial Group LLC now owns 508 shares of the software maker’s stock worth $319,000 after buying an additional 18 shares during the last quarter. Legacy Investment Solutions LLC boosted its holdings in Intuit by 18.0% in the 4th quarter. Legacy Investment Solutions LLC now owns 118 shares of the software maker’s stock worth $68,000 after buying an additional 18 shares during the last quarter. Finally, Plancorp LLC increased its stake in Intuit by 2.2% during the 4th quarter. Plancorp LLC now owns 889 shares of the software maker’s stock worth $559,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $785.00 price target (up from $720.00) on shares of Intuit in a research note on Friday, May 23rd. UBS Group set a $750.00 price objective on Intuit and gave the company a “neutral” rating in a report on Friday, May 23rd. Citigroup reaffirmed a “buy” rating and set a $789.00 target price (up previously from $726.00) on shares of Intuit in a report on Friday, May 23rd. Oppenheimer reissued an “outperform” rating and issued a $742.00 price target (up from $642.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $820.00 price target (up from $714.00) on shares of Intuit in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $785.33.

Insider Buying and Selling

In related news, insider Scott D. Cook sold 72,442 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider now owns 6,063,495 shares of the company’s stock, valued at approximately $4,494,808,208.55. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Laura A. Fennell sold 25,049 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $729.17, for a total transaction of $18,264,979.33. Following the sale, the executive vice president now owns 22,796 shares in the company, valued at $16,622,159.32. This trade represents a 52.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,156 shares of company stock valued at $118,788,255. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock opened at $757.22 on Friday. The firm has a market cap of $211.69 billion, a PE ratio of 73.52, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $759.50. The business’s fifty day simple moving average is $628.02 and its 200-day simple moving average is $623.14.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $9.88 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. Intuit’s dividend payout ratio is currently 33.77%.

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.