Intuit Inc. (NASDAQ:INTU) Shares Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC grew its stake in Intuit Inc. (NASDAQ:INTU) by 84.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the software maker’s stock after buying an additional 2,551 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Intuit were worth $3,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of INTU. LGT Financial Advisors LLC purchased a new position in shares of Intuit in the 2nd quarter valued at about $25,000. Cultivar Capital Inc. purchased a new position in shares of Intuit in the 2nd quarter valued at about $26,000. Fairway Wealth LLC purchased a new position in shares of Intuit in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in Intuit during the 3rd quarter worth approximately $27,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Intuit during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on INTU shares. Stifel Nicolaus boosted their price objective on Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays cut their price objective on Intuit from $745.00 to $740.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Citigroup boosted their price objective on Intuit from $727.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Jefferies Financial Group boosted their price objective on Intuit from $770.00 to $790.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $768.00 target price on shares of Intuit in a report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $735.71.

Insider Activity at Intuit

In related news, Director Eve B. Burton sold 2,988 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the transaction, the chief financial officer now owns 4,451 shares of the company’s stock, valued at $2,676,430.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eve B. Burton sold 2,988 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock valued at $35,220,046 over the last quarter. 2.90% of the stock is owned by insiders.

Intuit Stock Up 0.3 %

Intuit stock opened at $603.98 on Friday. Intuit Inc. has a twelve month low of $473.56 and a twelve month high of $676.62. The stock’s fifty day simple moving average is $628.71 and its 200-day simple moving average is $627.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $168.84 billion, a P/E ratio of 55.72, a P/E/G ratio of 3.04 and a beta of 1.24.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. As a group, equities analysts expect that Intuit Inc. will post 14.04 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, October 10th. This is a positive change from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio is 38.38%.

About Intuit

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.