Intuit Inc. (NASDAQ:INTU) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,611 shares of the software maker’s stock after buying an additional 183 shares during the period. Fidelis Capital Partners LLC’s holdings in Intuit were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. NewSquare Capital LLC acquired a new stake in shares of Intuit during the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. acquired a new stake in Intuit during the third quarter worth $26,000. Steward Financial Group LLC raised its position in Intuit by 50.0% in the third quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after purchasing an additional 20 shares during the period. Aspire Private Capital LLC lifted its stake in shares of Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after purchasing an additional 39 shares during the last quarter. Finally, Webster Bank N. A. purchased a new position in shares of Intuit during the 4th quarter worth $41,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 0.8 %

NASDAQ:INTU traded down $4.83 during trading hours on Thursday, hitting $608.38. The company’s stock had a trading volume of 790,870 shares, compared to its average volume of 1,243,946. The stock has a market capitalization of $170.35 billion, a P/E ratio of 62.04, a price-to-earnings-growth ratio of 3.72 and a beta of 1.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $644.88 and a 200-day moving average of $598.39. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. On average, equities analysts forecast that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is 36.73%.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the sale, the chief accounting officer now owns 3,180 shares in the company, valued at approximately $2,083,313.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders have sold 4,717 shares of company stock worth $3,117,156 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTU. Wells Fargo & Company boosted their price objective on shares of Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Oppenheimer increased their price objective on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. KeyCorp boosted their target price on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus raised their price target on Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

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.