Intuit Inc. (NASDAQ:INTU) Shares Purchased by Mather Group LLC.

Mather Group LLC. raised its position in Intuit Inc. (NASDAQ:INTU) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,056 shares of the software maker’s stock after acquiring an additional 216 shares during the quarter. Mather Group LLC.’s holdings in Intuit were worth $1,921,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTU. Rockline Wealth Management LLC grew its holdings in Intuit by 5.7% during the 4th quarter. Rockline Wealth Management LLC now owns 982 shares of the software maker’s stock valued at $617,000 after purchasing an additional 53 shares in the last quarter. Trust Point Inc. grew its stake in shares of Intuit by 9.3% during the fourth quarter. Trust Point Inc. now owns 2,300 shares of the software maker’s stock valued at $1,446,000 after acquiring an additional 196 shares in the last quarter. Optas LLC increased its position in shares of Intuit by 3.2% during the fourth quarter. Optas LLC now owns 1,761 shares of the software maker’s stock worth $1,107,000 after acquiring an additional 54 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Intuit by 25.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 426 shares of the software maker’s stock worth $268,000 after acquiring an additional 87 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in Intuit by 2,588.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 4,006 shares of the software maker’s stock valued at $2,517,000 after purchasing an additional 3,857 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.5 %

INTU stock opened at $591.72 on Wednesday. The stock has a market cap of $165.63 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The firm’s 50-day simple moving average is $630.27 and its 200 day simple moving average is $633.00. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week 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.

Intuit (NASDAQ:INTU) last announced its quarterly 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 company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were given 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 yield of 0.70%. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Jefferies Financial Group upped their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $765.00 price target on shares of Intuit in a research report on Friday, January 10th. Finally, BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective for the company. in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $726.53.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 23,810 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now directly owns 489 shares of the company’s stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 293,014 shares of company stock valued at $188,992,187. 2.68% of the stock is currently owned by corporate insiders.

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.