Intuit Inc. (NASDAQ:INTU) Shares Acquired by Motiv8 Investments LLC

Motiv8 Investments LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,087 shares of the software maker’s stock after acquiring an additional 47 shares during the period. Motiv8 Investments LLC’s holdings in Intuit were worth $715,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTU. JFS Wealth Advisors LLC raised its position in shares of Intuit by 1.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,564 shares of the software maker’s stock worth $978,000 after purchasing an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Intuit by 3.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 449 shares of the software maker’s stock worth $281,000 after purchasing an additional 16 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of Intuit by 2.8% during the 2nd quarter. Fortitude Family Office LLC now owns 582 shares of the software maker’s stock worth $382,000 after purchasing an additional 16 shares during the last quarter. WASHINGTON TRUST Co raised its position in shares of Intuit by 10.5% during the 2nd quarter. WASHINGTON TRUST Co now owns 168 shares of the software maker’s stock worth $110,000 after purchasing an additional 16 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its position in shares of Intuit by 3.7% during the 2nd quarter. Gemmer Asset Management LLC now owns 448 shares of the software maker’s stock worth $294,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, insider Scott D. Cook sold 27,309 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the completion of the transaction, the insider now owns 6,524,412 shares of the company’s stock, valued at approximately $3,870,020,221.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intuit news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $567.75, for a total transaction of $42,581,250.00. Following the sale, the insider now directly owns 6,626,721 shares in the company, valued at approximately $3,762,320,847.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott D. Cook sold 27,309 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 6,524,412 shares in the company, valued at $3,870,020,221.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,308 shares of company stock valued at $67,651,926. Company insiders own 2.90% of the company’s stock.

Intuit Trading Down 1.0 %

Shares of Intuit stock traded down $6.36 during mid-day trading on Friday, hitting $615.12. The stock had a trading volume of 999,734 shares, compared to its average volume of 1,330,498. The firm has a 50-day moving average of $638.42 and a two-hundred day moving average of $632.43. Intuit Inc. has a 12-month low of $473.56 and a 12-month high of $676.62. The company has a quick ratio of 1.50, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market cap of $171.95 billion, a P/E ratio of 56.75, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Sell-side analysts forecast that Intuit Inc. will post 14.06 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio (DPR) is presently 38.38%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTU. Wells Fargo & Company upped their price target on shares of Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. KeyCorp upped their price target on shares of Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Erste Group Bank restated a “hold” rating on shares of Intuit in a research report on Friday, June 14th. Bank of America increased their price objective on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $720.37.

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.