Intuit Inc. (NASDAQ:INTU) Stock Holdings Trimmed by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 19.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,065 shares of the software maker’s stock after selling 264 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Intuit were worth $654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Copia Wealth Management acquired a new stake in Intuit in the fourth quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of Intuit during the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Intuit in the 4th quarter worth approximately $35,000. Finally, Olde Wealth Management LLC bought a new position in shares of Intuit in the first quarter valued at approximately $37,000. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU stock opened at $745.95 on Wednesday. Intuit Inc. has a one year low of $532.65 and a one year high of $790.60. The firm has a 50-day moving average of $737.83 and a two-hundred day moving average of $648.19. The firm has a market capitalization of $208.08 billion, a PE ratio of 60.55, a P/E/G ratio of 3.34 and a beta of 1.27. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business earned $9.88 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given 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 0.56%. Intuit’s dividend payout ratio (DPR) is presently 33.77%.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Piper Sandler reiterated an “overweight” rating and set a $825.00 price target (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the stock a “buy” rating in a research note on Friday, May 23rd. BMO Capital Markets set a $870.00 price objective on Intuit and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, UBS Group set a $750.00 target price on Intuit and gave the company a “neutral” rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $800.55.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares of the company’s stock, valued at $600,744.96. The trade was a 77.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,800 shares of company stock valued at $209,725,054 over the last quarter. 2.68% of the stock is owned by 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.