Intuit Inc. (NASDAQ:INTU) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 17.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 966 shares of the software maker’s stock after buying an additional 144 shares during the period. Sage Mountain Advisors LLC’s holdings in Intuit were worth $604,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Intuit in the fourth quarter worth approximately $226,000. Jennison Associates LLC acquired a new stake in shares of Intuit in the fourth quarter worth approximately $5,421,000. MCF Advisors LLC boosted its position in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after acquiring an additional 25 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Intuit by 122.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 969 shares of the software maker’s stock worth $606,000 after acquiring an additional 534 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in shares of Intuit in the fourth quarter worth approximately $183,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 over the last 90 days. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of a number of recent research reports. StockNews.com cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer lifted their price target on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on shares of Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. KeyCorp lifted their price target on shares of Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Finally, Mizuho boosted their target price on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $645.00.

Intuit Stock Up 0.8 %

INTU stock opened at $609.77 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. Intuit Inc. has a 1-year low of $400.22 and a 1-year high of $671.01. The firm has a fifty day moving average price of $641.98 and a two-hundred day moving average price of $600.94. The firm has a market cap of $170.74 billion, a price-to-earnings ratio of 62.22, a PEG ratio of 3.68 and a beta of 1.21.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.59%. Intuit’s payout ratio is 36.73%.

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.