Jacobs & Co. CA Sells 180 Shares of Intuit Inc. (NASDAQ:INTU)

Jacobs & Co. CA trimmed its position in Intuit Inc. (NASDAQ:INTU) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 11,902 shares of the software maker’s stock after selling 180 shares during the period. Jacobs & Co. CA’s holdings in Intuit were worth $7,439,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTU. Vanguard Group Inc. lifted its position in shares of Intuit by 0.5% in the third quarter. Vanguard Group Inc. now owns 25,331,318 shares of the software maker’s stock valued at $12,942,784,000 after acquiring an additional 117,478 shares in the last quarter. State Street Corp grew its stake in Intuit by 1.8% during the second quarter. State Street Corp now owns 11,298,299 shares of the software maker’s stock valued at $5,176,768,000 after acquiring an additional 198,646 shares in the last quarter. FMR LLC increased its holdings in Intuit by 5.0% in the 3rd quarter. FMR LLC now owns 5,636,635 shares of the software maker’s stock valued at $2,879,982,000 after acquiring an additional 266,803 shares during the last quarter. Morgan Stanley lifted its stake in Intuit by 3.7% in the 3rd quarter. Morgan Stanley now owns 3,848,401 shares of the software maker’s stock worth $1,966,304,000 after purchasing an additional 137,198 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Intuit by 5.2% during the 3rd quarter. Northern Trust Corp now owns 3,212,771 shares of the software maker’s stock valued at $1,641,533,000 after purchasing an additional 160,229 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuit news, EVP Laura A. Fennell sold 14,772 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $598.52, for a total value of $8,841,337.44. Following the sale, the executive vice president now directly owns 50,030 shares in the company, valued at approximately $29,943,955.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold 34,260 shares of company stock valued at $20,667,475 over the last three months. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INTU shares. Morgan Stanley boosted their price target on shares of Intuit from $525.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. JPMorgan Chase & Co. lifted their target price on Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. KeyCorp increased their price objective on Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their price objective on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, Oppenheimer increased their target price on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $645.00.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $648.74 on Thursday. Intuit Inc. has a 12-month low of $400.22 and a 12-month high of $671.01. The company has a market cap of $181.65 billion, a PE ratio of 66.20, a P/E/G ratio of 3.90 and a beta of 1.22. The stock has a 50 day simple moving average of $645.76 and a 200-day simple moving average of $586.88. 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 released its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, equities research analysts forecast that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a $0.90 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 0.55%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

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.