Dohj LLC Reduces Stock Position in Intuit Inc. (NASDAQ:INTU)

Dohj LLC cut its stake in Intuit Inc. (NASDAQ:INTU) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,631 shares of the software maker’s stock after selling 76 shares during the period. Dohj LLC’s holdings in Intuit were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its position in Intuit by 42.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 18,523 shares of the software maker’s stock worth $9,464,000 after acquiring an additional 5,484 shares during the period. Mutual Advisors LLC grew its position in Intuit by 69.9% in the third quarter. Mutual Advisors LLC now owns 1,967 shares of the software maker’s stock worth $1,005,000 after acquiring an additional 809 shares during the period. Valley National Advisers Inc. grew its position in Intuit by 50.3% in the third quarter. Valley National Advisers Inc. now owns 227 shares of the software maker’s stock worth $116,000 after acquiring an additional 76 shares during the period. Trustmark National Bank Trust Department purchased a new position in Intuit in the third quarter worth approximately $220,000. Finally, Bamco Inc. NY grew its position in Intuit by 12.8% in the third quarter. Bamco Inc. NY now owns 12,403 shares of the software maker’s stock worth $6,337,000 after acquiring an additional 1,412 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Scott D. Cook sold 27,309 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the transaction, the insider now owns 6,524,412 shares of the company’s stock, valued at $3,870,020,221.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Intuit news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred 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 sale, the insider now owns 6,791,469 shares of the company’s stock, valued at approximately $4,060,279,741.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total value of $16,198,606.44. Following the completion of the sale, the insider now directly owns 6,524,412 shares in the company, valued at approximately $3,870,020,221.92. The disclosure for this sale can be found here. Insiders have sold a total of 193,937 shares of company stock valued at $113,123,232 over the last quarter. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INTU. Jefferies Financial Group reiterated a “buy” rating and issued a $770.00 price objective on shares of Intuit in a research report on Thursday, June 13th. Piper Sandler raised their price target on Intuit from $750.00 to $760.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Wells Fargo & Company raised their price target on Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Stifel Nicolaus lowered their price target on Intuit from $720.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, KeyCorp raised their price target on Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $679.41.

Intuit Stock Performance

Shares of INTU stock traded up $7.93 during mid-day trading on Friday, hitting $659.37. 424,849 shares of the stock were exchanged, compared to its average volume of 1,340,385. The stock’s fifty day simple moving average is $616.71 and its two-hundred day simple moving average is $627.26. The stock has a market capitalization of $184.33 billion, a price-to-earnings ratio of 60.10, a P/E/G ratio of 3.66 and a beta of 1.21. Intuit Inc. has a 12-month low of $444.19 and a 12-month high of $676.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.65 billion. During the same quarter last year, the company posted $7.80 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 10th. Intuit’s dividend payout ratio is currently 33.21%.

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.