Psagot Value Holdings Ltd. Israel Has $1.07 Million Position in Intuit Inc. (NASDAQ:INTU)

Psagot Value Holdings Ltd. Israel lessened its position in Intuit Inc. (NASDAQ:INTUGet Rating) by 1.4% in the first quarter, Holdings Channel.com reports. The firm owned 2,220 shares of the software maker’s stock after selling 32 shares during the quarter. Psagot Value Holdings Ltd. Israel’s holdings in Intuit were worth $1,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. San Luis Wealth Advisors LLC acquired a new stake in shares of Intuit in the first quarter valued at about $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Intuit in the fourth quarter valued at about $28,000. Activest Wealth Management acquired a new stake in shares of Intuit in the first quarter valued at about $29,000. Cornerstone Advisory LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $48,000. Finally, Motco acquired a new stake in shares of Intuit in the first quarter valued at about $45,000. Institutional investors and hedge funds own 83.31% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, EVP James Alexander Chriss sold 1,071 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $462.09, for a total value of $494,898.39. Following the completion of the sale, the executive vice president now directly owns 1,003 shares of the company’s stock, valued at $463,476.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Sasan K. Goodarzi sold 22,250 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $463.21, for a total value of $10,306,422.50. Following the completion of the transaction, the chief executive officer now directly owns 60,208 shares of the company’s stock, valued at $27,888,947.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Alexander Chriss sold 1,071 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $462.09, for a total value of $494,898.39. Following the completion of the transaction, the executive vice president now directly owns 1,003 shares of the company’s stock, valued at $463,476.27. The disclosure for this sale can be found here. Insiders sold 36,902 shares of company stock valued at $16,251,640 over the last ninety days. 3.27% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of INTU opened at $450.03 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.63 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $126.85 billion, a price-to-earnings ratio of 62.07, a PEG ratio of 3.10 and a beta of 1.19. The stock has a 50 day moving average of $437.37 and a 200 day moving average of $432.25. Intuit Inc. has a 12 month low of $339.36 and a 12 month high of $716.86.

Intuit (NASDAQ:INTUGet Rating) last issued its quarterly earnings results on Tuesday, August 23rd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. Intuit had a return on equity of 16.47% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts forecast that Intuit Inc. will post 8.88 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 10th will be given a $0.78 dividend. This is an increase from Intuit’s previous quarterly dividend of $0.68. This represents a $3.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 6th. Intuit’s dividend payout ratio (DPR) is currently 37.52%.

Analyst Ratings Changes

Several equities research analysts recently commented on INTU shares. Evercore ISI upped their target price on Intuit from $500.00 to $601.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th. Credit Suisse Group cut their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 25th. Oppenheimer upped their target price on Intuit from $476.00 to $516.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th. KeyCorp upped their target price on Intuit from $475.00 to $525.00 and gave the company an “overweight” rating in a research report on Wednesday, August 24th. Finally, Wells Fargo & Company cut their price target on Intuit from $635.00 to $550.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $570.61.

About Intuit

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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 ProConnect.

Further Reading

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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