Great Diamond Partners LLC Purchases 17 Shares of Intuit Inc. (NASDAQ:INTU)

Great Diamond Partners LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 627 shares of the software maker’s stock after acquiring an additional 17 shares during the period. Great Diamond Partners LLC’s holdings in Intuit were worth $394,000 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 INTU. Caprock Group LLC boosted its position in Intuit by 22.2% during the 4th quarter. Caprock Group LLC now owns 8,634 shares of the software maker’s stock worth $5,427,000 after buying an additional 1,568 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Intuit during the fourth quarter valued at $128,000. Institute for Wealth Management LLC. grew its stake in Intuit by 10.2% during the fourth quarter. Institute for Wealth Management LLC. now owns 1,492 shares of the software maker’s stock worth $938,000 after purchasing an additional 138 shares during the period. Oak Harvest Investment Services acquired a new stake in shares of Intuit during the 4th quarter worth approximately $3,268,000. Finally, Cibc World Market Inc. grew its holdings in Intuit by 284.5% in the fourth quarter. Cibc World Market Inc. now owns 58,084 shares of the software maker’s stock worth $36,506,000 after purchasing an additional 42,976 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 0.5 %

NASDAQ:INTU opened at $601.51 on Friday. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The stock’s fifty day moving average price is $631.72 and its two-hundred day moving average price is $634.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $168.37 billion, a P/E ratio of 58.40, a P/E/G ratio of 2.92 and a beta of 1.25.

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

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on INTU shares. Piper Sandler reissued an “overweight” rating and issued a $765.00 price objective on shares of Intuit in a research note on Friday, January 10th. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Oppenheimer boosted their price objective on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Barclays lowered their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $726.53.

Insiders Place Their Bets

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