Intuit Inc. (NASDAQ:INTU) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,067 shares of the software maker’s stock after purchasing an additional 111 shares during the period. Perigon Wealth Management LLC’s holdings in Intuit were worth $409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Capital Management LLC raised its position in Intuit by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 19,007 shares of the software maker’s stock valued at $7,220,000 after purchasing an additional 56 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Intuit by 1,798.9% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,532 shares of the software maker’s stock valued at $1,342,000 after purchasing an additional 3,346 shares during the last quarter. FIL Ltd raised its position in Intuit by 93.4% in the 4th quarter. FIL Ltd now owns 127,258 shares of the software maker’s stock valued at $48,339,000 after purchasing an additional 61,441 shares during the last quarter. Eaton Vance Management grew its stake in shares of Intuit by 0.5% in the 4th quarter. Eaton Vance Management now owns 575,703 shares of the software maker’s stock valued at $218,681,000 after purchasing an additional 2,703 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Intuit by 50.4% in the 4th quarter. Federated Hermes Inc. now owns 25,337 shares of the software maker’s stock valued at $9,624,000 after purchasing an additional 8,496 shares during the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.

Several equities analysts have issued reports on INTU shares. KeyCorp boosted their price objective on shares of Intuit from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, May 26th. William Blair reiterated an “outperform” rating on shares of Intuit in a research note on Wednesday, May 12th. Wolfe Research assumed coverage on shares of Intuit in a research note on Thursday, April 22nd. They set an “outperform” rating and a $475.00 price target on the stock. Guggenheim reiterated a “buy” rating on shares of Intuit in a research note on Monday, May 24th. Finally, Oppenheimer reiterated a “buy” rating and set a $474.00 price target on shares of Intuit in a research note on Wednesday, May 26th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $465.71.

In other Intuit news, Chairman Brad D. Smith sold 163,061 shares of the stock in a transaction that occurred on Thursday, May 27th. The shares were sold at an average price of $431.50, for a total transaction of $70,360,821.50. Following the transaction, the chairman now owns 517,568 shares of the company’s stock, valued at $223,330,592. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raul Vazquez sold 1,100 shares of the stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $483.08, for a total transaction of $531,388.00. Following the transaction, the director now directly owns 1,589 shares in the company, valued at approximately $767,614.12. The disclosure for this sale can be found here. Insiders sold 170,677 shares of company stock valued at $73,737,829 over the last quarter. Insiders own 3.38% of the company’s stock.

Shares of NASDAQ:INTU opened at $514.45 on Thursday. The firm has a market cap of $140.58 billion, a PE ratio of 65.96, a PEG ratio of 4.75 and a beta of 1.01. Intuit Inc. has a one year low of $286.35 and a one year high of $514.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $469.90.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Monday, May 24th. The software maker reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.19 by ($0.12). The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 28.76% and a net margin of 23.93%. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.49 earnings per share. As a group, equities analysts anticipate that Intuit Inc. will post 7.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 19th. Investors of record on Monday, July 12th were paid a $0.59 dividend. The ex-dividend date was Friday, July 9th. This represents a $2.36 annualized dividend and a yield of 0.46%. Intuit’s payout ratio is currently 35.98%.

About Intuit

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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