Intuit Inc. (NASDAQ:INTU) Stock Holdings Lifted by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,140 shares of the software maker’s stock after acquiring an additional 32 shares during the period. Brooklyn Investment Group’s holdings in Intuit were worth $1,329,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Harvest Portfolios Group Inc. grew its holdings in Intuit by 5.4% during the third quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker’s stock worth $22,295,000 after acquiring an additional 1,853 shares during the period. GAMMA Investing LLC grew its stake in shares of Intuit by 33.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,838 shares of the software maker’s stock worth $2,383,000 after purchasing an additional 968 shares during the last quarter. Retireful LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $740,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Intuit during the third quarter valued at approximately $56,144,000. Finally, Cetera Advisors LLC boosted its holdings in Intuit by 33.4% during the first quarter. Cetera Advisors LLC now owns 10,607 shares of the software maker’s stock worth $6,895,000 after buying an additional 2,655 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other news, Director Eve B. Burton sold 2,988 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $649.87, for a total transaction of $1,941,811.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Laura A. Fennell sold 30,159 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the transaction, the executive vice president now directly owns 52,038 shares of the company’s stock, valued at approximately $33,427,129.68. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,265 shares of company stock worth $35,200,125. 2.90% of the stock is owned by insiders.

Intuit Price Performance

Intuit stock opened at $635.00 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day simple moving average of $634.58 and a 200 day simple moving average of $631.24. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market capitalization of $177.88 billion, a PE ratio of 61.61, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 14.05 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit’s payout ratio is 40.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a report on Friday. Bank of America boosted their target price on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Oppenheimer raised their price objective on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler lowered their price objective on shares of Intuit from $768.00 to $765.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Morgan Stanley increased their target price on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $737.44.

About Intuit

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.