Cambridge Trust Co. Has $100,000 Stock Position in Intuit Inc. (NASDAQ:INTU)

Cambridge Trust Co. boosted its position in Intuit Inc. (NASDAQ:INTU) by 63.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160 shares of the software maker’s stock after buying an additional 62 shares during the quarter. Cambridge Trust Co.’s holdings in Intuit were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group lifted its stake in Intuit by 64.3% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,890 shares of the software maker’s stock worth $1,182,000 after purchasing an additional 740 shares during the last quarter. Pacific Wealth Management lifted its stake in shares of Intuit by 20.7% in the 4th quarter. Pacific Wealth Management now owns 613 shares of the software maker’s stock valued at $383,000 after acquiring an additional 105 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Intuit by 83.6% in the fourth quarter. Federated Hermes Inc. now owns 114,950 shares of the software maker’s stock worth $71,847,000 after buying an additional 52,334 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Intuit by 7.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,427 shares of the software maker’s stock valued at $4,642,000 after buying an additional 544 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Intuit by 8.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 48,486 shares of the software maker’s stock valued at $30,305,000 after buying an additional 3,681 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. KeyCorp upped their target price on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Oppenheimer lifted their price target on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their price objective on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, Mizuho lifted their target price on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $645.00.

Intuit Trading Down 0.5 %

Intuit stock opened at $605.17 on Friday. Intuit Inc. has a 12 month low of $400.22 and a 12 month high of $671.01. The company has a market capitalization of $169.45 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 3.70 and a beta of 1.21. The business’s fifty day simple moving average is $642.93 and its two-hundred day simple moving average is $599.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Intuit’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s payout ratio is 36.73%.

Insider Activity at Intuit

In related news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock valued at $3,117,156 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

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.