Values First Advisors Inc. Has $603,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Values First Advisors Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 397.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 960 shares of the software maker’s stock after purchasing an additional 767 shares during the quarter. Values First Advisors Inc.’s holdings in Intuit were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in INTU. Davidson Capital Management Inc. increased its holdings in Intuit by 4.4% during the 4th quarter. Davidson Capital Management Inc. now owns 5,371 shares of the software maker’s stock valued at $3,376,000 after purchasing an additional 227 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in Intuit by 17.5% in the fourth quarter. Capital Advisors Inc. OK now owns 511 shares of the software maker’s stock worth $321,000 after purchasing an additional 76 shares in the last quarter. Certuity LLC grew its holdings in shares of Intuit by 11.2% during the fourth quarter. Certuity LLC now owns 862 shares of the software maker’s stock worth $542,000 after purchasing an additional 87 shares during the last quarter. Sage Private Wealth Group LLC increased its stake in shares of Intuit by 3.8% in the fourth quarter. Sage Private Wealth Group LLC now owns 657 shares of the software maker’s stock valued at $413,000 after buying an additional 24 shares in the last quarter. Finally, David Wealth Management LLC bought a new position in shares of Intuit in the fourth quarter valued at about $383,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the transaction, the executive vice president now directly owns 489 shares in the company, valued at approximately $325,664.22. The trade was a 97.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 293,014 shares of company stock valued at $188,992,187. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $576.54 on Thursday. The stock has a 50-day moving average of $624.25 and a 200-day moving average of $631.05. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The stock has a market cap of $161.39 billion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.72%. Intuit’s dividend payout ratio is presently 40.39%.

Analysts Set New Price Targets

INTU has been the topic of a number of research analyst reports. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a research note on Wednesday, January 15th. Stifel Nicolaus lowered their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Scotiabank initiated coverage on Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Intuit Company 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.