Intuit Inc. (NASDAQ:INTU) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 18.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,186 shares of the software maker’s stock after acquiring an additional 183 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Intuit were worth $640,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WT Wealth Management increased its position in Intuit by 8.0% during the second quarter. WT Wealth Management now owns 3,720 shares of the software maker’s stock worth $1,823,000 after purchasing an additional 276 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Intuit by 5.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 57,285 shares of the software maker’s stock worth $28,079,000 after buying an additional 3,195 shares during the period. Ironwood Wealth Management LLC. boosted its stake in Intuit by 27.3% during the first quarter. Ironwood Wealth Management LLC. now owns 4,498 shares of the software maker’s stock worth $1,723,000 after buying an additional 966 shares during the period. Beacon Pointe Advisors LLC boosted its stake in Intuit by 93.9% during the second quarter. Beacon Pointe Advisors LLC now owns 3,763 shares of the software maker’s stock worth $1,845,000 after buying an additional 1,822 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Intuit by 8.8% in the second quarter. State of Alaska Department of Revenue now owns 59,170 shares of the software maker’s stock valued at $29,002,000 after purchasing an additional 4,765 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

In other Intuit news, EVP James Alexander Chriss sold 2,022 shares of the business’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $562.53, for a total transaction of $1,137,435.66. Following the sale, the executive vice president now directly owns 3,234 shares in the company, valued at approximately $1,819,222.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michelle M. Clatterbuck sold 9,343 shares of the business’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $562.56, for a total transaction of $5,255,998.08. Following the sale, the chief financial officer now owns 19,079 shares in the company, valued at $10,733,082.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,191 shares of company stock worth $49,736,475. 3.38% of the stock is currently owned by insiders.

Several research firms have recently commented on INTU. Bank of America raised their price objective on shares of Intuit from $520.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, August 25th. KeyCorp raised their price objective on shares of Intuit from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, November 19th. Morgan Stanley raised their price objective on shares of Intuit from $615.00 to $715.00 and gave the company an “overweight” rating in a research note on Monday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of Intuit from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, August 25th. Finally, Oppenheimer raised their price objective on shares of Intuit from $584.00 to $696.00 and gave the company an “outperform” rating in a research note on Friday, November 19th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $644.35.

Shares of Intuit stock opened at $684.00 on Thursday. The firm’s fifty day simple moving average is $587.88 and its 200-day simple moving average is $530.92. The stock has a market capitalization of $193.69 billion, a price-to-earnings ratio of 90.48, a PEG ratio of 5.86 and a beta of 1.07. Intuit Inc. has a 12 month low of $345.01 and a 12 month high of $716.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.10 and a quick ratio of 2.10.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 18th. The software maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.56. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Intuit had a net margin of 20.28% and a return on equity of 22.39%. The company’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Analysts anticipate that Intuit Inc. will post 7.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Monday, January 10th will be given a $0.68 dividend. The ex-dividend date is Friday, January 7th. This represents a $2.72 dividend on an annualized basis and a yield of 0.40%. Intuit’s dividend payout ratio (DPR) is 35.98%.

Intuit Company Profile

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; Credit Karma; and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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