First Hawaiian Bank Buys 347 Shares of Intuit Inc. (NASDAQ:INTU)

First Hawaiian Bank boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,645 shares of the software maker’s stock after buying an additional 347 shares during the quarter. First Hawaiian Bank’s holdings in Intuit were worth $4,805,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of INTU. Private Advisor Group LLC grew its stake in shares of Intuit by 17.9% during the second quarter. Private Advisor Group LLC now owns 8,487 shares of the software maker’s stock valued at $5,578,000 after buying an additional 1,287 shares during the last quarter. Savant Capital LLC increased its stake in Intuit by 4.6% in the second quarter. Savant Capital LLC now owns 2,880 shares of the software maker’s stock worth $1,893,000 after purchasing an additional 126 shares during the period. Quest Partners LLC increased its stake in Intuit by 588.6% in the second quarter. Quest Partners LLC now owns 544 shares of the software maker’s stock worth $358,000 after purchasing an additional 465 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in shares of Intuit by 1.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 5,763 shares of the software maker’s stock valued at $3,788,000 after purchasing an additional 55 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of Intuit by 1.1% in the second quarter. PFG Investments LLC now owns 1,558 shares of the software maker’s stock worth $1,024,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ INTU traded up $10.62 during trading hours on Wednesday, reaching $626.05. The company’s stock had a trading volume of 1,219,090 shares, compared to its average volume of 1,129,298. The firm has a market capitalization of $175.24 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 3.24 and a beta of 1.25. The company’s 50-day moving average is $649.14 and its two-hundred day moving average is $638.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, equities analysts predict that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.66%. Intuit’s dividend payout ratio is presently 40.39%.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the transaction, the executive vice president now directly owns 489 shares in the company, valued at $325,664.22. The trade was a 97.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,848 shares of company stock valued at $187,041,365 in the last ninety days. 2.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Scotiabank assumed coverage on Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Oppenheimer increased their price target on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $737.44.

Intuit Company 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.