Intuit Inc. (NASDAQ:INTU) Holdings Lifted by ROI Financial Advisors LLC

ROI Financial Advisors LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,748 shares of the software maker’s stock after buying an additional 49 shares during the period. Intuit makes up about 1.2% of ROI Financial Advisors LLC’s holdings, making the stock its 20th biggest position. ROI Financial Advisors LLC’s holdings in Intuit were worth $1,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in Intuit by 83.2% in the 4th quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker’s stock worth $371,984,000 after buying an additional 268,060 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in shares of Intuit during the 4th quarter valued at $621,000. Beacon Investment Advisory Services Inc. lifted its stake in shares of Intuit by 3.8% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker’s stock valued at $27,223,000 after purchasing an additional 1,602 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Intuit by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker’s stock worth $107,854,000 after purchasing an additional 3,648 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its position in Intuit by 109.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 24,666 shares of the software maker’s stock worth $15,502,000 after buying an additional 12,916 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This trade represents a 27.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total transaction of $814,346.00. Following the completion of the transaction, the chief financial officer now owns 644 shares of the company’s stock, valued at $403,414.48. This trade represents a 66.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,862 shares of company stock worth $18,767,673 over the last 90 days. Insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Morgan Stanley upgraded Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 target price for the company in a research note on Wednesday, February 26th. Citigroup decreased their price target on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $718.00.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $561.53 on Friday. The business has a fifty day moving average of $595.64 and a 200-day moving average of $620.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The firm has a market cap of $156.98 billion, a PE ratio of 54.52, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.74%. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

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.