Bank Julius Baer & Co. Ltd Zurich Has $121.04 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,655 shares of the software maker’s stock after purchasing an additional 3,944 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of Intuit worth $121,040,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. MCF Advisors LLC increased its stake in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of Intuit during the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new position in shares of Intuit during the 3rd quarter worth approximately $26,000. Steward Financial Group LLC grew its stake in shares of Intuit by 50.0% during the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Intuit during the 4th quarter worth approximately $38,000. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Evercore ISI raised their price target on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. KeyCorp raised their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Finally, Barclays increased their price objective on Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $650.23.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Intuit Trading Down 1.4 %

Shares of Intuit stock traded down $9.10 during midday trading on Thursday, reaching $626.39. The company had a trading volume of 1,241,615 shares, compared to its average volume of 1,250,544. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $671.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $641.40 and a 200 day moving average price of $601.86. The firm has a market cap of $175.39 billion, a PE ratio of 63.34, a P/E/G ratio of 3.84 and a beta of 1.21.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. Intuit’s dividend payout ratio (DPR) is 36.73%.

Intuit Profile

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.