Everpar Advisors LLC Invests $782,000 in Intuit Inc. (NASDAQ:INTU)

Everpar Advisors LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,251 shares of the software maker’s stock, valued at approximately $782,000.

Other hedge funds have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Intuit during the 3rd quarter worth about $51,000. V Square Quantitative Management LLC boosted its stake in shares of Intuit by 18.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after acquiring an additional 482 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Intuit by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 21,268 shares of the software maker’s stock worth $13,293,000 after acquiring an additional 226 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Intuit by 12.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock worth $9,400,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Hixon Zuercher LLC purchased a new stake in shares of Intuit during the 4th quarter worth about $1,292,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Trading Up 1.0 %

Shares of Intuit stock traded up $6.51 during mid-day trading on Tuesday, hitting $641.15. The stock had a trading volume of 757,578 shares, compared to its average volume of 1,231,888. The firm has a 50-day moving average of $636.41 and a two-hundred day moving average of $608.45. Intuit Inc. has a 12-month low of $400.22 and a 12-month high of $671.01. 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 cap of $179.52 billion, a P/E ratio of 65.42, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. Intuit’s payout ratio is currently 36.73%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. KeyCorp upped their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Evercore ISI upped their price target on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and set a $700.00 price target on shares of Intuit in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, Mizuho upped their price target on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $650.23.

Insider Buying and Selling

In related news, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,717 shares of company stock valued at $3,117,156. Company insiders own 2.90% of the company’s stock.

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.