Capital Advisors Ltd. LLC Has $429,000 Position in Intuit Inc. (NASDAQ:INTU)

Capital Advisors Ltd. LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 659 shares of the software maker’s stock after buying an additional 17 shares during the period. Capital Advisors Ltd. LLC’s holdings in Intuit were worth $429,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Intuit during the first quarter valued at about $229,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new position in shares of Intuit during the first quarter valued at about $202,000. Congress Wealth Management LLC DE raised its position in Intuit by 0.9% in the first quarter. Congress Wealth Management LLC DE now owns 27,636 shares of the software maker’s stock worth $17,964,000 after purchasing an additional 252 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Intuit by 10.3% in the first quarter. Hexagon Capital Partners LLC now owns 235 shares of the software maker’s stock worth $153,000 after purchasing an additional 22 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Intuit by 2.3% in the first quarter. Miracle Mile Advisors LLC now owns 3,516 shares of the software maker’s stock worth $2,285,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on INTU shares. Citigroup increased their price target on shares of Intuit from $727.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Wells Fargo & Company upped their price objective on shares of Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Erste Group Bank reaffirmed a “hold” rating on shares of Intuit in a research note on Friday, June 14th. Morgan Stanley upped their price objective on shares of Intuit from $680.00 to $740.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Finally, KeyCorp upped their price objective on shares of Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $683.91.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 27,309 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the sale, the insider now directly owns 6,524,412 shares in the company, valued at $3,870,020,221.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Sandeep Aujla sold 1,415 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $855,480.70. Following the sale, the chief financial officer now directly owns 2,332 shares in the company, valued at $1,409,880.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott D. Cook sold 27,309 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the completion of the transaction, the insider now directly owns 6,524,412 shares of the company’s stock, valued at approximately $3,870,020,221.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,937 shares of company stock worth $113,123,232. Company insiders own 2.90% of the company’s stock.

Intuit Trading Up 0.8 %

Shares of NASDAQ INTU opened at $656.22 on Wednesday. The company’s 50 day simple moving average is $619.43 and its 200 day simple moving average is $628.63. Intuit Inc. has a fifty-two week low of $444.19 and a fifty-two week high of $676.62. The firm has a market capitalization of $183.45 billion, a P/E ratio of 60.54, a P/E/G ratio of 3.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, beating the consensus estimate of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the business posted $7.80 earnings per share. Intuit’s revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a $0.90 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.55%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

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.