Intuit Inc. (NASDAQ:INTU) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443 shares of the software maker’s stock after purchasing an additional 52 shares during the period. Angeles Wealth Management LLC’s holdings in Intuit were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel lifted its position in shares of Intuit by 5.3% during the 3rd quarter. Carnegie Investment Counsel now owns 591 shares of the software maker’s stock valued at $367,000 after acquiring an additional 30 shares during the last quarter. CHICAGO TRUST Co NA raised its position in shares of Intuit by 4.0% during the third quarter. CHICAGO TRUST Co NA now owns 1,227 shares of the software maker’s stock worth $762,000 after purchasing an additional 47 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Intuit by 8.5% during the third quarter. Koshinski Asset Management Inc. now owns 974 shares of the software maker’s stock worth $605,000 after purchasing an additional 76 shares during the period. CVA Family Office LLC lifted its holdings in shares of Intuit by 3.3% during the third quarter. CVA Family Office LLC now owns 531 shares of the software maker’s stock valued at $330,000 after purchasing an additional 17 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of Intuit by 622.2% in the 3rd quarter. Douglas Lane & Associates LLC now owns 11,750 shares of the software maker’s stock valued at $7,297,000 after purchasing an additional 10,123 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTU has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank began coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Barclays reduced their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Oppenheimer lifted their price target on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Intuit Stock Performance

Shares of INTU opened at $586.84 on Tuesday. The firm has a market cap of $164.27 billion, a price-to-earnings ratio of 56.97, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. The company’s fifty day moving average is $626.20 and its 200-day moving average is $631.66. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.71%. Intuit’s dividend payout ratio (DPR) is currently 40.39%.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock valued at $188,992,187 over the last 90 days. 2.68% of the stock is currently owned by company insiders.

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.