Yousif Capital Management LLC Increases Stake in Intuit Inc. (NASDAQ:INTU)

Yousif Capital Management LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,714 shares of the software maker’s stock after purchasing an additional 600 shares during the quarter. Yousif Capital Management LLC’s holdings in Intuit were worth $24,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Intuit during the fourth quarter worth about $915,000. Linden Thomas Advisory Services LLC increased its stake in shares of Intuit by 10.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,131 shares of the software maker’s stock valued at $3,832,000 after purchasing an additional 564 shares in the last quarter. Community Bank & Trust Waco Texas lifted its holdings in shares of Intuit by 5.6% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,463 shares of the software maker’s stock valued at $914,000 after purchasing an additional 77 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Intuit by 17.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,123 shares of the software maker’s stock worth $702,000 after purchasing an additional 170 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Intuit by 452.4% in the 4th quarter. Larson Financial Group LLC now owns 116 shares of the software maker’s stock worth $73,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock traded up $21.11 on Tuesday, hitting $630.88. 1,457,840 shares of the company’s stock were exchanged, compared to its average volume of 1,248,993. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The company has a 50-day simple moving average of $641.83 and a 200-day simple moving average of $601.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $176.65 billion, a PE ratio of 64.38, a PEG ratio of 3.68 and a beta of 1.21.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share 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 company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Intuit’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Mizuho raised their price objective on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Evercore ISI upped their target price 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. JPMorgan Chase & Co. raised their price target on shares of Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $700.00 price objective on shares of Intuit in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $645.00.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of Intuit 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 sale, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction dated Monday, February 26th. The shares were 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 of the company’s stock, valued at approximately $2,083,313.40. 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 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

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.