M3 Advisory Group LLC Invests $275,000 in Intuit Inc. (NASDAQ:INTU)

M3 Advisory Group LLC acquired a new position in Intuit Inc. (NASDAQ:INTUFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 440 shares of the software maker’s stock, valued at approximately $275,000.

Other large investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new position in shares of Intuit in the 4th quarter worth about $25,000. MCF Advisors LLC raised its holdings in shares of Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Intuit in the 4th quarter worth about $38,000. Sachetta LLC purchased a new position in shares of Intuit in the 4th quarter worth about $39,000. Finally, Webster Bank N. A. purchased a new position in shares of Intuit in the 4th quarter worth about $41,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU traded up $6.82 during mid-day trading on Monday, hitting $602.52. The stock had a trading volume of 1,240,539 shares, compared to its average volume of 1,322,052. The company has a market cap of $168.43 billion, a PE ratio of 55.58, a PEG ratio of 3.41 and a beta of 1.21. The company’s fifty day simple moving average is $616.68 and its two-hundred day simple moving average is $625.12. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. Intuit Inc. has a fifty-two week low of $442.74 and a fifty-two week high of $676.62.

Intuit (NASDAQ:INTUGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the firm posted $7.80 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Intuit Inc. will post 11.72 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 dividend on an annualized basis and a yield of 0.60%. Intuit’s dividend payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $770.00 target price on shares of Intuit in a report on Thursday. UBS Group raised their target price on Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a report on Monday, May 20th. Susquehanna dropped their target price on Intuit from $775.00 to $757.00 and set a “positive” rating on the stock in a report on Friday, May 24th. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $700.00 target price on shares of Intuit in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $679.41.

Get Our Latest Stock Analysis on INTU

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total transaction of $44,838,750.00. Following the completion of the transaction, the insider now owns 6,791,469 shares in the company, valued at approximately $4,060,279,741.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intuit news, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the sale, the insider now owns 6,524,412 shares of the company’s stock, valued at approximately $3,870,020,221.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total value of $44,838,750.00. Following the sale, the insider now directly owns 6,791,469 shares in the company, valued at approximately $4,060,279,741.65. The disclosure for this sale can be found here. Insiders sold 194,217 shares of company stock worth $113,301,418 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

About Intuit

(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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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