Wilmington Savings Fund Society FSB Has $16.07 Million Position in Intuit Inc. (NASDAQ:INTU)

Wilmington Savings Fund Society FSB trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,561 shares of the software maker’s stock after selling 308 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Intuit were worth $16,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management increased its position in Intuit by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 2,020 shares of the software maker’s stock valued at $1,254,000 after acquiring an additional 35 shares during the period. CWM LLC increased its holdings in Intuit by 1.4% in the third quarter. CWM LLC now owns 16,910 shares of the software maker’s stock valued at $10,501,000 after purchasing an additional 227 shares during the period. Tobam raised its position in Intuit by 25.5% during the 3rd quarter. Tobam now owns 606 shares of the software maker’s stock worth $376,000 after purchasing an additional 123 shares during the last quarter. LVW Advisors LLC lifted its holdings in Intuit by 23.4% during the 3rd quarter. LVW Advisors LLC now owns 486 shares of the software maker’s stock worth $302,000 after buying an additional 92 shares during the period. Finally, JGP Wealth Management LLC grew its position in shares of Intuit by 1.2% in the 3rd quarter. JGP Wealth Management LLC now owns 22,743 shares of the software maker’s stock valued at $14,123,000 after buying an additional 267 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $578.85 on Friday. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The stock’s 50 day moving average is $627.45 and its 200-day moving average is $632.08. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $162.03 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.91 and a beta of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio is currently 40.39%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INTU shares. Royal Bank of Canada restated an “outperform” rating and set a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Jefferies Financial Group raised their price target on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $726.53.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at approximately $1,221,804. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock valued at $188,992,187 over the last ninety days. 2.68% of the stock is currently owned by insiders.

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.