Bull Oak Capital LLC Has $541,000 Stock Position in Intuit Inc. (NASDAQ:INTU)

Bull Oak Capital LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 871 shares of the software maker’s stock after selling 134 shares during the quarter. Intuit accounts for 0.3% of Bull Oak Capital LLC’s holdings, making the stock its 17th biggest position. Bull Oak Capital LLC’s holdings in Intuit were worth $541,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at approximately $25,000. Cultivar Capital Inc. acquired a new stake in shares of Intuit in the 2nd quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intuit in the 3rd quarter valued at approximately $27,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kerry J. Mclean sold 11,079 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $631.61, for a total value of $6,997,607.19. Following the transaction, the executive vice president now owns 24,941 shares in the company, valued at approximately $15,752,985.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kerry J. Mclean sold 11,079 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $631.61, for a total value of $6,997,607.19. Following the completion of the transaction, the executive vice president now owns 24,941 shares of the company’s stock, valued at $15,752,985.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $617.28, for a total transaction of $2,469,120.00. Following the completion of the sale, the chief financial officer now owns 452 shares in the company, valued at $279,010.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,297 shares of company stock worth $35,220,046. Company insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on INTU. Citigroup increased their price objective on Intuit from $727.00 to $750.00 and gave the company a “buy” rating in a report on Friday, June 28th. Piper Sandler reissued an “overweight” rating and issued a $768.00 price objective on shares of Intuit in a report on Friday, September 27th. Stifel Nicolaus raised their price target on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Jefferies Financial Group raised their price target on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Susquehanna reaffirmed a “positive” rating and set a $757.00 price target on shares of Intuit in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $735.71.

Intuit Stock Up 0.3 %

INTU stock opened at $603.98 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Intuit Inc. has a fifty-two week low of $473.56 and a fifty-two week high of $676.62. The stock has a market capitalization of $168.84 billion, a price-to-earnings ratio of 55.72, a PEG ratio of 3.04 and a beta of 1.24. The business’s fifty day moving average price is $628.71 and its two-hundred day moving average price is $627.16.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business earned $0.40 earnings per share. Intuit’s revenue was up 17.4% on a year-over-year basis. On average, equities analysts anticipate that Intuit Inc. will post 14.04 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were given a $1.04 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio (DPR) is presently 38.38%.

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.