Ownership Capital B.V. Has $394.46 Million Stake in Intuit Inc. (NASDAQ:INTU)

Ownership Capital B.V. cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 631,111 shares of the software maker’s stock after selling 173,209 shares during the quarter. Intuit makes up 8.8% of Ownership Capital B.V.’s portfolio, making the stock its 2nd largest holding. Ownership Capital B.V. owned about 0.23% of Intuit worth $394,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in INTU. Strategic Blueprint LLC bought a new position in shares of Intuit during the third quarter valued at approximately $221,000. Connecticut Wealth Management LLC grew its holdings in shares of Intuit by 92.5% during the third quarter. Connecticut Wealth Management LLC now owns 895 shares of the software maker’s stock valued at $457,000 after purchasing an additional 430 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Intuit by 3.5% during the third quarter. Ballentine Partners LLC now owns 2,303 shares of the software maker’s stock valued at $1,177,000 after purchasing an additional 78 shares during the last quarter. Family Firm Inc. grew its holdings in shares of Intuit by 2.8% during the third quarter. Family Firm Inc. now owns 773 shares of the software maker’s stock valued at $395,000 after purchasing an additional 21 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its holdings in Intuit by 6.0% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 514 shares of the software maker’s stock worth $262,000 after buying an additional 29 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $10.16 on Friday, reaching $636.55. 1,192,496 shares of the company traded hands, compared to its average volume of 1,208,945. The company’s 50 day moving average is $640.26 and its 200-day moving average is $602.74. The stock has a market capitalization of $178.23 billion, a PE ratio of 64.95, a P/E/G ratio of 3.81 and a beta of 1.21. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $671.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17.

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

Intuit Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTU. Susquehanna increased their price objective on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Evercore ISI increased their price objective on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Stifel Nicolaus increased their price objective on Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Mizuho increased their price objective on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays increased their price objective on Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $650.23.

Insider Activity

In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were 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 SEC, which can be accessed through the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were 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 SEC, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock worth $3,117,156 over the last quarter. Corporate 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.