Baader Bank Aktiengesellschaft Acquires 169 Shares of Intuit Inc. (NASDAQ:INTU)

Baader Bank Aktiengesellschaft raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,229 shares of the software maker’s stock after acquiring an additional 169 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Intuit were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in INTU. Geode Capital Management LLC grew its position in Intuit by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker’s stock worth $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after acquiring an additional 252,265 shares during the last quarter. Northern Trust Corp increased its stake in Intuit by 17.3% in the fourth quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker’s stock valued at $2,118,682,000 after acquiring an additional 498,030 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Intuit by 33.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker’s stock valued at $1,930,765,000 after purchasing an additional 771,232 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker’s stock valued at $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Marianna Tessel sold 34,329 shares of Intuit stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the completion of the transaction, the executive vice president owned 40,767 shares in the company, valued at approximately $31,017,164.28. The trade was a 45.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 16,061 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the completion of the sale, the chief financial officer directly owned 197 shares in the company, valued at $143,047.61. This trade represents a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,800 shares of company stock valued at $209,725,054. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $806.34 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $807.93. The stock has a market cap of $224.93 billion, a P/E ratio of 65.45, a price-to-earnings-growth ratio of 3.54 and a beta of 1.27. The firm’s fifty day simple moving average is $760.66 and its 200 day simple moving average is $658.48.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results 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. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter in the previous year, the company earned $9.88 earnings per share. Intuit’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, July 10th. Intuit’s payout ratio is presently 33.77%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Susquehanna restated a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. Bank of America upped their price objective on shares of Intuit from $730.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an “overweight” rating in a research report on Friday, June 13th. KeyCorp restated an “overweight” rating and set a $850.00 price target (up from $770.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $806.27.

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.