Bigelow Investment Advisors LLC Buys Shares of 362 Intuit Inc. (NASDAQ:INTU)

Bigelow Investment Advisors LLC bought a new stake in Intuit Inc. (NASDAQ:INTUGet Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 362 shares of the software maker’s stock, valued at approximately $233,000.

A number of other hedge funds also recently modified their holdings of INTU. King Luther Capital Management Corp raised its holdings in shares of Intuit by 8.0% during the third quarter. King Luther Capital Management Corp now owns 4,765 shares of the software maker’s stock valued at $2,571,000 after buying an additional 351 shares during the last quarter. Parsec Financial Management Inc. raised its holdings in shares of Intuit by 12.1% during the third quarter. Parsec Financial Management Inc. now owns 1,239 shares of the software maker’s stock valued at $759,000 after buying an additional 134 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Intuit by 4.9% during the third quarter. Essex Financial Services Inc. now owns 680 shares of the software maker’s stock valued at $367,000 after buying an additional 32 shares during the last quarter. CX Institutional raised its holdings in shares of Intuit by 4.9% during the third quarter. CX Institutional now owns 770 shares of the software maker’s stock valued at $415,000 after buying an additional 36 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Intuit by 60.3% during the third quarter. American Century Companies Inc. now owns 59,055 shares of the software maker’s stock valued at $31,861,000 after buying an additional 22,223 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Shares of Intuit stock traded down $11.69 during trading hours on Wednesday, reaching $360.18. 14,492 shares of the stock traded hands, compared to its average volume of 1,935,086. The company has a 50 day moving average price of $446.84 and a 200 day moving average price of $536.36. The firm has a market capitalization of $101.86 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 2.97 and a beta of 1.15. Intuit Inc. has a one year low of $339.36 and a one year high of $716.86. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Intuit (NASDAQ:INTUGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The software maker reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.26). The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Intuit had a return on equity of 20.37% and a net margin of 19.03%. The firm’s revenue was up 69.6% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that Intuit Inc. will post 8.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, April 8th. Intuit’s dividend payout ratio (DPR) is presently 34.69%.

Several equities research analysts recently commented on INTU shares. Deutsche Bank Aktiengesellschaft dropped their target price on Intuit from $700.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Evercore ISI dropped their target price on Intuit from $720.00 to $645.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Barclays dropped their price target on Intuit from $715.00 to $625.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. Wells Fargo & Company dropped their price target on Intuit from $725.00 to $635.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, Oppenheimer dropped their price target on Intuit from $696.00 to $588.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $611.45.

In related news, EVP James Alexander Chriss sold 368 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $478.84, for a total transaction of $176,213.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 59,286 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total value of $28,162,628.58. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.

Intuit Company Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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