Intuit Inc. (NASDAQ:INTU) Shares Bought by Diversified Trust Co

Diversified Trust Co increased its position in Intuit Inc. (NASDAQ:INTU) by 5.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,276 shares of the software maker’s stock after purchasing an additional 364 shares during the period. Diversified Trust Co’s holdings in Intuit were worth $4,467,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of INTU. Tanager Wealth Management LLP grew its holdings in shares of Intuit by 7.7% during the first quarter. Tanager Wealth Management LLP now owns 463 shares of the software maker’s stock worth $284,000 after buying an additional 33 shares during the last quarter. CNB Bank raised its position in Intuit by 3.4% in the first quarter. CNB Bank now owns 1,805 shares of the software maker’s stock worth $1,108,000 after acquiring an additional 59 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Intuit by 10.5% in the first quarter. PDS Planning Inc now owns 1,365 shares of the software maker’s stock valued at $838,000 after purchasing an additional 130 shares during the period. Motiv8 Investments LLC lifted its position in shares of Intuit by 4.3% during the 1st quarter. Motiv8 Investments LLC now owns 1,854 shares of the software maker’s stock valued at $1,139,000 after acquiring an additional 76 shares during the period. Finally, Goldstein Advisors LLC purchased a new stake in Intuit during the first quarter worth $234,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intuit news, EVP Kerry J. Mclean sold 16,700 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $729.16, for a total value of $12,176,972.00. Following the transaction, the executive vice president now owns 23,101 shares of the company’s stock, valued at approximately $16,844,325.16. This represents a 41.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 1,459 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,158 shares of company stock worth $202,989,194. 2.68% of the stock is owned by company insiders.

Intuit Stock Performance

Shares of INTU stock opened at $772.86 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $774.80. The company has a market cap of $215.59 billion, a P/E ratio of 62.73, a PEG ratio of 3.37 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $696.71 and a two-hundred day moving average of $637.71.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the business posted $9.88 EPS. Intuit’s revenue was up 15.1% on a year-over-year basis. As a group, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.54%. Intuit’s dividend payout ratio is presently 33.77%.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. Barclays reiterated an “overweight” rating and issued a $815.00 price target (up from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Susquehanna reiterated a “positive” rating on shares of Intuit in a report on Friday, May 23rd. Piper Sandler reissued an “overweight” rating and set a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. KeyCorp reiterated an “overweight” rating and set a $850.00 price objective (up from $770.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Bank of America lifted their price target on shares of Intuit from $730.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $793.05.

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.