Ellsworth Advisors LLC Has $5.71 Million Stake in Intuit Inc. (NASDAQ:INTU)

Ellsworth Advisors LLC trimmed its position in Intuit Inc. (NASDAQ:INTU) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,078 shares of the software maker’s stock after selling 134 shares during the period. Intuit makes up approximately 1.5% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Ellsworth Advisors LLC’s holdings in Intuit were worth $5,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Grove Bank & Trust grew its stake in shares of Intuit by 4.6% during the 4th quarter. Grove Bank & Trust now owns 976 shares of the software maker’s stock worth $613,000 after acquiring an additional 43 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in Intuit during the fourth quarter worth $342,000. Liberty One Investment Management LLC grew its position in Intuit by 6.5% in the fourth quarter. Liberty One Investment Management LLC now owns 7,165 shares of the software maker’s stock valued at $4,503,000 after purchasing an additional 436 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its stake in Intuit by 1.9% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 2,456 shares of the software maker’s stock valued at $1,544,000 after buying an additional 45 shares during the last quarter. Finally, Smith Salley Wealth Management lifted its position in Intuit by 7.3% during the 4th quarter. Smith Salley Wealth Management now owns 1,978 shares of the software maker’s stock worth $1,243,000 after buying an additional 135 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now owns 1,864 shares in the company, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock valued at $188,992,187 over the last quarter. 2.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on INTU shares. JPMorgan Chase & Co. lifted their target price on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays lowered their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective for the company. in a report on Wednesday, January 15th. Stifel Nicolaus lowered their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group increased their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $726.53.

Intuit Trading Down 0.5 %

INTU stock opened at $604.13 on Monday. Intuit Inc. has a 52 week low of $557.29 and a 52 week high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50-day simple moving average is $646.09 and its 200 day simple moving average is $636.93. The company has a market capitalization of $169.11 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 3.07 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

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.