380 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust bought a new position in Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 380 shares of the software maker’s stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of INTU. NewSquare Capital LLC acquired a new stake in Intuit in the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. purchased a new position in Intuit during the 3rd quarter worth approximately $26,000. MCF Advisors LLC raised its position in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after buying an additional 25 shares during the last quarter. Steward Financial Group LLC raised its position in Intuit by 50.0% during the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Finally, Aspire Private Capital LLC raised its position in Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Trading Down 1.4 %

NASDAQ:INTU traded down $9.10 on Thursday, reaching $626.39. 1,241,615 shares of the company’s stock were exchanged, compared to its average volume of 1,250,544. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $175.39 billion, a price-to-earnings ratio of 63.34, a price-to-earnings-growth ratio of 3.84 and a beta of 1.21. The business has a fifty day moving average of $641.40 and a 200-day moving average of $601.86. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts expect that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is 36.73%.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the transaction, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock valued at $3,117,156 over the last three months. 2.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Barclays lifted their target price on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer lifted their target price on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Mizuho lifted their target price on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $650.23.

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.