HL Financial Services LLC Sells 161 Shares of Intuit Inc. (NASDAQ:INTU)

HL Financial Services LLC cut its position in Intuit Inc. (NASDAQ:INTU) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,008 shares of the software maker’s stock after selling 161 shares during the period. HL Financial Services LLC’s holdings in Intuit were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of INTU. Guardian Life Insurance Co. of America boosted its position in shares of Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after buying an additional 5 shares during the last quarter. FineMark National Bank & Trust boosted its position in shares of Intuit by 0.4% in the second quarter. FineMark National Bank & Trust now owns 2,716 shares of the software maker’s stock worth $361,000 after buying an additional 11 shares during the last quarter. Cue Financial Group Inc. boosted its position in shares of Intuit by 0.3% in the second quarter. Cue Financial Group Inc. now owns 7,004 shares of the software maker’s stock worth $930,000 after buying an additional 20 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Intuit by 1.1% in the first quarter. Alpha Windward LLC now owns 2,287 shares of the software maker’s stock worth $265,000 after buying an additional 25 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Intuit by 0.6% in the first quarter. Harbour Capital Advisors LLC now owns 4,061 shares of the software maker’s stock worth $471,000 after buying an additional 25 shares during the last quarter. 85.57% of the stock is owned by institutional investors and hedge funds.

Shares of Intuit Inc. (NASDAQ INTU) opened at 135.16 on Friday. The company’s 50-day moving average is $135.14 and its 200-day moving average is $127.61. Intuit Inc. has a one year low of $103.22 and a one year high of $143.81. The company has a market cap of $34.63 billion, a price-to-earnings ratio of 38.84 and a beta of 1.15.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.87 by $0.03. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $3.43 earnings per share. Intuit’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Intuit Inc. will post $4.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Thursday, July 6th. Intuit’s dividend payout ratio is currently 39.19%.

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A number of brokerages have commented on INTU. Stifel Nicolaus lifted their price objective on shares of Intuit from $115.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Credit Suisse Group lifted their price objective on shares of Intuit from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Citigroup Inc. cut shares of Intuit from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $148.00 to $141.00 in a research note on Monday, June 26th. Royal Bank Of Canada lifted their price objective on shares of Intuit from $126.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 24th. Finally, CIBC lifted their price objective on shares of Intuit from $125.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Intuit presently has an average rating of “Buy” and an average price target of $135.63.

In related news, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Laura A. Fennell sold 74,052 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $139.46, for a total transaction of $10,327,291.92. The disclosure for this sale can be found here. Insiders sold 151,265 shares of company stock valued at $21,085,104 in the last three months. 5.70% of the stock is currently owned by insiders.

Intuit Company Profile

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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