Bradley Foster & Sargent Inc. CT Has $69.68 Million Stake in Intuit Inc. (NASDAQ:INTU)

Bradley Foster & Sargent Inc. CT lifted its position in Intuit Inc. (NASDAQ:INTUFree Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,028 shares of the software maker’s stock after buying an additional 2,937 shares during the quarter. Intuit comprises 1.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 22nd largest holding. Bradley Foster & Sargent Inc. CT’s holdings in Intuit were worth $69,683,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INTU. Aveo Capital Partners LLC bought a new stake in shares of Intuit in the 4th quarter valued at approximately $203,000. 9258 Wealth Management LLC boosted its position in Intuit by 29.0% during the fourth quarter. 9258 Wealth Management LLC now owns 650 shares of the software maker’s stock worth $406,000 after purchasing an additional 146 shares during the period. Gryphon Financial Partners LLC boosted its position in Intuit by 31.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,635 shares of the software maker’s stock worth $1,022,000 after purchasing an additional 393 shares during the period. Kingsview Wealth Management LLC boosted its position in Intuit by 8.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,147 shares of the software maker’s stock worth $717,000 after purchasing an additional 92 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in Intuit by 61.4% during the fourth quarter. Great Lakes Advisors LLC now owns 2,363 shares of the software maker’s stock worth $1,477,000 after purchasing an additional 899 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the sale, the executive vice president now owns 20 shares in the company, valued at approximately $12,575.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Sandeep Aujla sold 862 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total transaction of $535,327.86. Following the sale, the chief financial officer now owns 3,840 shares in the company, valued at approximately $2,384,755.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 2,941 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the sale, the executive vice president now owns 20 shares in the company, valued at approximately $12,575.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,940 shares of company stock worth $10,721,252. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upped their target price on Intuit from $770.00 to $790.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. increased their price objective on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Erste Group Bank reissued a “hold” rating on shares of Intuit in a research report on Friday, June 14th. BMO Capital Markets increased their price objective on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley cut Intuit from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $720.37.

Check Out Our Latest Stock Report on INTU

Intuit Trading Down 0.2 %

NASDAQ:INTU opened at $644.82 on Wednesday. Intuit Inc. has a fifty-two week low of $473.56 and a fifty-two week high of $676.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $180.26 billion, a PE ratio of 59.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. The business’s 50-day simple moving average is $636.25 and its 200-day simple moving average is $631.29.

Intuit (NASDAQ:INTUGet Free Report) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business posted $0.40 EPS. Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. Sell-side analysts expect that Intuit Inc. will post 14.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 10th will be paid a $1.04 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.16 annualized dividend and a yield of 0.65%. Intuit’s payout ratio is presently 38.38%.

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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