Intuit Inc. (NASDAQ:INTU) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Intuit Inc. (NASDAQ:INTU) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,557 shares of the software maker’s stock after acquiring an additional 34,955 shares during the period. Victory Capital Management Inc.’s holdings in Intuit were worth $202,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC bought a new position in shares of Intuit in the third quarter valued at approximately $25,000. Cape Investment Advisory Inc. bought a new position in shares of Intuit in the third quarter valued at approximately $26,000. MCF Advisors LLC boosted its holdings in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Aspire Private Capital LLC boosted its holdings in shares of Intuit by 144.4% in the third quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after acquiring an additional 39 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Intuit in the fourth quarter valued at approximately $38,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by corporate insiders.

Intuit Stock Down 1.7 %

INTU stock opened at $615.20 on Thursday. Intuit Inc. has a 12-month low of $400.22 and a 12-month high of $671.01. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $172.26 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 3.81 and a beta of 1.22. The company has a 50 day moving average of $639.05 and a two-hundred day moving average of $605.00.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate 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 was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit’s dividend payout ratio is currently 36.73%.

Analysts Set New Price Targets

INTU has been the subject of several recent analyst reports. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets restated an “outperform” rating and set a $700.00 target price on shares of Intuit in a report on Tuesday, March 26th. Mizuho raised their target price on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays raised their target price on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Evercore ISI raised their target price on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $650.23.

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.