Bank Julius Baer & Co. Ltd Zurich Grows Position in Intuit Inc. (NASDAQ:INTU)

Bank Julius Baer & Co. Ltd Zurich raised its position in Intuit Inc. (NASDAQ:INTU) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,655 shares of the software maker’s stock after acquiring an additional 3,944 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Intuit were worth $121,040,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTU. Desjardins Global Asset Management Inc. raised its stake in shares of Intuit by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,181 shares of the software maker’s stock worth $738,000 after buying an additional 16 shares during the period. GAM Holding AG increased its stake in Intuit by 0.3% in the 4th quarter. GAM Holding AG now owns 5,873 shares of the software maker’s stock worth $3,671,000 after acquiring an additional 17 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in Intuit by 2.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 716 shares of the software maker’s stock worth $448,000 after acquiring an additional 17 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in shares of Intuit by 0.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 4,842 shares of the software maker’s stock valued at $3,027,000 after purchasing an additional 18 shares during the last quarter. Finally, Glenview Trust co increased its position in shares of Intuit by 1.9% during the 3rd quarter. Glenview Trust co now owns 1,031 shares of the software maker’s stock valued at $527,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Oppenheimer boosted their price objective on Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Mizuho boosted their price objective on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. KeyCorp boosted their price objective on Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Finally, Susquehanna upped their target price on Intuit from $700.00 to $775.00 and gave the stock a “positive” 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $650.23.

Insider Activity

In related news, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated 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 directly owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,717 shares of company stock valued at $3,117,156. Company insiders own 2.90% of the company’s stock.

Intuit Stock Down 1.4 %

NASDAQ:INTU traded down $9.10 during mid-day trading on Thursday, hitting $626.39. 1,241,615 shares of the company’s stock traded hands, compared to its average volume of 1,250,544. The company has a fifty day moving average of $641.40 and a 200 day moving average of $601.86. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01. The company has a market capitalization of $175.39 billion, a P/E ratio of 63.34, a P/E/G ratio of 3.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (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 company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were issued a $0.90 dividend. 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 is presently 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.