Intuit Inc. (NASDAQ:INTU) is S.A. Mason LLC’s 10th Largest Position

S.A. Mason LLC reduced its position in Intuit Inc. (NASDAQ:INTU) by 4.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,389 shares of the software maker’s stock after selling 251 shares during the quarter. Intuit makes up about 2.1% of S.A. Mason LLC’s holdings, making the stock its 10th largest position. S.A. Mason LLC’s holdings in Intuit were worth $3,503,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of INTU. Parnassus Investments LLC grew its position in shares of Intuit by 119.0% in the fourth quarter. Parnassus Investments LLC now owns 1,338,139 shares of the software maker’s stock valued at $836,377,000 after purchasing an additional 727,185 shares in the last quarter. Maryland State Retirement & Pension System grew its position in shares of Intuit by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 21,268 shares of the software maker’s stock valued at $13,293,000 after purchasing an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Intuit by 1.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 179,801 shares of the software maker’s stock valued at $112,381,000 after purchasing an additional 1,990 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Intuit by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock valued at $9,400,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Hixon Zuercher LLC purchased a new position in shares of Intuit in the fourth quarter valued at $1,292,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,415 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $855,480.70. Following the transaction, the chief financial officer now directly owns 2,332 shares of the company’s stock, valued at approximately $1,409,880.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sandeep Aujla sold 1,415 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total value of $855,480.70. Following the completion of the sale, the chief financial officer now directly owns 2,332 shares in the company, valued at approximately $1,409,880.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total value of $44,838,750.00. Following the completion of the sale, the insider now owns 6,791,469 shares of the company’s stock, valued at $4,060,279,741.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,937 shares of company stock worth $113,123,232. Company insiders own 2.90% of the company’s stock.

Intuit Trading Up 1.0 %

NASDAQ:INTU traded up $6.28 during mid-day trading on Thursday, reaching $643.76. 94,937 shares of the company’s stock traded hands, compared to its average volume of 1,336,150. Intuit Inc. has a 12-month low of $444.19 and a 12-month high of $676.62. The firm has a market capitalization of $179.96 billion, a price-to-earnings ratio of 58.81, a PEG ratio of 3.61 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50. The company has a 50 day moving average price of $616.23 and a 200-day moving average price of $627.19.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $7.80 EPS. Intuit’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Intuit Inc. will post 11.72 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. Intuit’s dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTU shares. Jefferies Financial Group reiterated a “buy” rating and issued a $770.00 price target on shares of Intuit in a research report on Thursday, June 13th. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price objective on shares of Intuit in a research note on Tuesday, March 26th. Piper Sandler lifted their price objective on Intuit from $750.00 to $760.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Erste Group Bank reissued a “hold” rating on shares of Intuit in a research note on Friday, June 14th. Finally, Susquehanna dropped their price objective on Intuit from $775.00 to $757.00 and set a “positive” rating for the company in a research note on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $679.41.

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.