Bartlett & CO. Wealth Management LLC Acquires 3,976 Shares of Intuit Inc. (NASDAQ:INTU)

Bartlett & CO. Wealth Management LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,370 shares of the software maker’s stock after acquiring an additional 3,976 shares during the period. Intuit comprises 1.1% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 26th biggest position. Bartlett & CO. Wealth Management LLC’s holdings in Intuit were worth $78,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. Northwest Investment Counselors LLC acquired a new position in shares of Intuit in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in Intuit during the 4th quarter worth $29,000. Denver PWM LLC acquired a new stake in shares of Intuit during the third quarter worth $32,000. Dunhill Financial LLC lifted its holdings in shares of Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after buying an additional 32 shares in the last quarter. Finally, Groupama Asset Managment boosted its position in shares of Intuit by 10.6% in the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock valued at $47,000 after acquiring an additional 720 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark P. Notarainni sold 363 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $228,145.50. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $11,941.50. The trade was a 95.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the sale, the chief financial officer now owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock valued at $188,992,187 over the last 90 days. 2.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a research report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their price target on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $726.53.

Intuit Trading Up 0.4 %

NASDAQ INTU opened at $611.68 on Thursday. The company has a market cap of $171.22 billion, a price-to-earnings ratio of 59.39, a price-to-earnings-growth ratio of 3.00 and a beta of 1.25. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. 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 business’s fifty day moving average is $642.42 and its 200 day moving average is $635.95.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS 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 return on equity of 18.25% and a net margin of 17.59%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. As a group, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

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.