Crestwood Advisors Group LLC Acquires 43 Shares of Intuit Inc. (NASDAQ:INTU)

Crestwood Advisors Group LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,901 shares of the software maker’s stock after buying an additional 43 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Intuit were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAM Holding AG increased its holdings in shares of 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 buying an additional 17 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of 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 buying an additional 17 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in shares of Intuit by 0.4% in the 4th quarter. Clear Harbor Asset Management LLC now owns 4,842 shares of the software maker’s stock worth $3,027,000 after buying an additional 18 shares during the last quarter. Glenview Trust co increased its holdings in shares of Intuit by 1.9% in the 3rd quarter. Glenview Trust co now owns 1,031 shares of the software maker’s stock worth $527,000 after buying an additional 19 shares during the last quarter. Finally, Verity Asset Management Inc. increased its holdings in shares of Intuit by 2.5% in the 3rd quarter. Verity Asset Management Inc. now owns 769 shares of the software maker’s stock worth $393,000 after buying an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU opened at $621.11 on Friday. The company has a 50 day moving average price of $646.53 and a 200-day moving average price of $596.25. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $671.01. The stock has a market capitalization of $173.91 billion, a PE ratio of 63.38, a PEG ratio of 3.78 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:INTUGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a $0.90 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 0.58%. Intuit’s payout ratio is presently 36.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INTU. Piper Sandler boosted their target price on shares of Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Mizuho lifted their price target on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Stifel Nicolaus lifted their price target on shares of Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. 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. Finally, Susquehanna lifted their price target on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $645.00.

View Our Latest Stock Analysis on INTU

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Lauren D. Hotz sold 745 shares of the business’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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of the business’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 transaction of $178,186.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,717 shares of company stock valued at $3,117,156. Company insiders own 2.90% of the company’s stock.

Intuit Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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