Intuit Inc. (NASDAQ:INTU) Shares Sold by Fulcrum Capital LLC

Fulcrum Capital LLC lessened its position in Intuit Inc. (NASDAQ:INTU) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,192 shares of the software maker’s stock after selling 752 shares during the period. Intuit makes up 1.7% of Fulcrum Capital LLC’s portfolio, making the stock its 21st biggest position. Fulcrum Capital LLC’s holdings in Intuit were worth $7,486,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Intuit during the 4th quarter valued at about $25,000. Copia Wealth Management acquired a new position in shares of Intuit in the 4th quarter worth approximately $25,000. NewSquare Capital LLC grew its stake in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Eve B. Burton sold 1,702 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company’s stock, valued at approximately $4,800. The trade was a 99.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 25,648 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the transaction, the executive vice president now directly owns 22,796 shares in the company, valued at $17,148,291. This trade represents a 52.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,804 shares of company stock valued at $138,081,963. 2.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INTU shares. The Goldman Sachs Group lifted their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a “buy” rating in a research note on Monday, May 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $742.00 price objective (up previously from $642.00) on shares of Intuit in a research note on Friday, May 23rd. Citigroup reiterated a “buy” rating and issued a $789.00 target price (up from $726.00) on shares of Intuit in a report on Friday, May 23rd. Barclays reiterated an “overweight” rating and issued a $815.00 target price (up from $775.00) on shares of Intuit in a report on Friday, May 23rd. Finally, KeyCorp reiterated an “overweight” rating and issued a $850.00 target price (up from $770.00) on shares of Intuit in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $785.33.

Intuit Trading Down 0.7%

NASDAQ:INTU opened at $752.04 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $761.02. The firm has a market cap of $210.24 billion, a price-to-earnings ratio of 73.01, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $630.69 and its 200-day moving average is $623.50.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating analysts’ consensus estimates of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm posted $9.88 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, July 10th. Intuit’s dividend payout ratio (DPR) is currently 33.77%.

About Intuit

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.