GHP Investment Advisors Inc. Has $11.13 Million Holdings in Intuit Inc. (NASDAQ:INTU)

GHP Investment Advisors Inc. trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,928 shares of the software maker’s stock after selling 224 shares during the period. GHP Investment Advisors Inc.’s holdings in Intuit were worth $11,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter worth approximately $25,000. Cultivar Capital Inc. acquired a new stake in Intuit in the 2nd quarter worth about $26,000. Hobbs Group Advisors LLC bought a new stake in Intuit in the 2nd quarter valued at about $35,000. Sachetta LLC acquired a new position in shares of Intuit during the 4th quarter worth approximately $39,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Intuit during the 2nd quarter worth approximately $39,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

NASDAQ INTU opened at $646.37 on Friday. Intuit Inc. has a 12-month low of $473.56 and a 12-month high of $676.62. The firm has a market cap of $181.17 billion, a P/E ratio of 59.63, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $636.90 and its 200-day moving average is $632.08.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Sell-side analysts predict 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. Stockholders of record on Thursday, October 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.64%. This is a boost from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

INTU has been the subject of several recent research reports. Bank of America boosted their price target on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on Intuit from $725.00 to $750.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. KeyCorp increased their target price on Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. Finally, Stifel Nicolaus increased their price objective on shares of Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $720.37.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 862 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total transaction of $535,327.86. Following the sale, the chief financial officer now owns 3,840 shares in the company, valued at $2,384,755.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sandeep Aujla sold 862 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total transaction of $535,327.86. Following the transaction, the chief financial officer now directly owns 3,840 shares in the company, valued at approximately $2,384,755.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 965 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $651.00, for a total transaction of $628,215.00. Following the completion of the sale, the executive vice president now directly owns 1,020 shares in the company, valued at approximately $664,020. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,940 shares of company stock worth $10,721,252. Corporate 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.