Intuit Inc. (NASDAQ:INTU) Stock Position Raised by Chicago Capital LLC

Chicago Capital LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 145,640 shares of the software maker’s stock after acquiring an additional 3,011 shares during the period. Intuit accounts for about 2.4% of Chicago Capital LLC’s investment portfolio, making the stock its 10th largest position. Chicago Capital LLC owned about 0.05% of Intuit worth $91,535,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INTU. R Squared Ltd acquired a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Intuit during the 3rd quarter worth $27,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the 4th quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Intuit during the fourth quarter worth $29,000. Finally, Denver PWM LLC purchased a new stake in shares of Intuit in the third quarter valued at $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now directly owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock worth $188,992,187 over the last quarter. 2.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on INTU. Jefferies Financial Group lifted their price target on 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 research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Scotiabank initiated coverage on Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective for the company. Finally, Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $726.53.

Intuit Stock Down 0.5 %

NASDAQ:INTU opened at $601.51 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day simple moving average of $630.95 and a 200 day simple moving average of $633.44. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market capitalization of $168.37 billion, a price-to-earnings ratio of 58.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio is presently 40.39%.

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.