Syntal Capital Partners LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,620 shares of the software maker’s stock, valued at approximately $1,774,000. Intuit comprises approximately 0.6% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 29th biggest holding.
A number of other institutional investors have also bought and sold shares of the business. Capital Analysts LLC bought a new stake in shares of Intuit during the first quarter worth $27,000. Solstein Capital LLC bought a new stake in shares of Intuit during the first quarter worth $29,000. Atlantic Trust LLC bought a new stake in shares of Intuit during the second quarter worth $30,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Intuit during the first quarter worth $32,000. Finally, Center for Financial Planning Inc. bought a new stake in shares of Intuit during the first quarter worth $44,000. 84.42% of the stock is currently owned by institutional investors.
NASDAQ:INTU traded down $8.66 during mid-day trading on Monday, hitting $569.26. The company had a trading volume of 17,744 shares, compared to its average volume of 1,242,192. The firm has a market cap of $155.46 billion, a P/E ratio of 75.56, a P/E/G ratio of 4.82 and a beta of 1.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.94 and a current ratio of 1.94. The business’s fifty day moving average is $546.59 and its two-hundred day moving average is $473.69. Intuit Inc. has a fifty-two week low of $307.77 and a fifty-two week high of $582.96.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 18th. Stockholders of record on Monday, October 11th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, October 8th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.48%. This is a positive change from Intuit’s previous quarterly dividend of $0.59. Intuit’s dividend payout ratio (DPR) is currently 31.22%.
Several analysts have recently commented on the company. Bank of America increased their target price on Intuit from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, August 25th. Oppenheimer increased their target price on Intuit from $474.00 to $584.00 and gave the stock an “outperform” rating in a report on Wednesday, August 25th. Stifel Nicolaus raised their price target on Intuit from $490.00 to $625.00 and gave the company a “buy” rating in a report on Wednesday, August 25th. Guggenheim reiterated a “buy” rating on shares of Intuit in a report on Monday, August 23rd. Finally, JPMorgan Chase & Co. raised their price target on Intuit from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $544.55.
In related news, CFO Michelle M. Clatterbuck sold 9,343 shares of the stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $562.56, for a total transaction of $5,255,998.08. Following the completion of the transaction, the chief financial officer now directly owns 19,079 shares in the company, valued at $10,733,082.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michelle M. Clatterbuck sold 1,652 shares of the stock in a transaction dated Thursday, August 26th. The stock was sold at an average price of $549.26, for a total value of $907,377.52. Following the transaction, the chief financial officer now owns 546 shares of the company’s stock, valued at $299,895.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,347 shares of company stock worth $33,277,145. 3.38% of the stock is currently owned by insiders.
Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.
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