Intuit Inc. (NASDAQ:INTU) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 966 shares of the software maker’s stock after buying an additional 144 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Intuit were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. RFG Advisory LLC grew its position in shares of Intuit by 10.3% in the third quarter. RFG Advisory LLC now owns 1,845 shares of the software maker’s stock valued at $943,000 after purchasing an additional 173 shares during the period. Douglas Lane & Associates LLC grew its position in shares of Intuit by 7.0% in the third quarter. Douglas Lane & Associates LLC now owns 767 shares of the software maker’s stock valued at $392,000 after purchasing an additional 50 shares during the period. 1900 Wealth Management LLC acquired a new stake in shares of Intuit in the third quarter valued at about $719,000. Founders Financial Securities LLC grew its position in shares of Intuit by 9.6% in the third quarter. Founders Financial Securities LLC now owns 640 shares of the software maker’s stock valued at $327,000 after purchasing an additional 56 shares during the period. Finally, Roberts Wealth Advisors LLC grew its position in shares of Intuit by 0.8% in the third quarter. Roberts Wealth Advisors LLC now owns 5,625 shares of the software maker’s stock valued at $3,043,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $609.77 on Tuesday. The company’s 50 day simple moving average is $641.98 and its 200-day simple moving average is $600.94. The company has a market capitalization of $170.74 billion, a price-to-earnings ratio of 62.22, a price-to-earnings-growth ratio of 3.68 and a beta of 1.21. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating 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 was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities research analysts expect that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were paid a $0.90 dividend. 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 dividend payout ratio (DPR) is 36.73%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTU. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer raised their price target on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. Susquehanna raised their price target on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, Mizuho raised their price target on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average target price of $645.00.

Insider Activity

In other news, CAO Lauren D. Hotz sold 745 shares of the business’s 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 sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,717 shares of company stock valued at $3,117,156. Company insiders own 2.90% of the company’s stock.

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.