JustInvest LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 51.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,598 shares of the software maker’s stock after acquiring an additional 1,571 shares during the quarter. JustInvest LLC’s holdings in Intuit were worth $1,761,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. MUFG Americas Holdings Corp increased its holdings in Intuit by 1,600.0% in the 4th quarter. MUFG Americas Holdings Corp now owns 68 shares of the software maker’s stock valued at $26,000 after buying an additional 64 shares during the period. Clearview Wealth Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $29,000. TRU Independence Asset Management 2 LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $29,000. Encompass Wealth Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $29,000. Finally, Concord Wealth Partners acquired a new position in shares of Intuit in the 4th quarter worth approximately $37,000. 84.79% of the stock is currently owned by institutional investors and hedge funds.

In other Intuit news, CFO Michelle M. Clatterbuck sold 2,253 shares of the firm’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $403.51, for a total transaction of $909,108.03. Following the completion of the transaction, the chief financial officer now owns 4,293 shares of the company’s stock, valued at $1,732,268.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Alexander Chriss sold 364 shares of the firm’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $407.38, for a total value of $148,286.32. Following the transaction, the executive vice president now owns 221 shares of the company’s stock, valued at $90,030.98. The disclosure for this sale can be found here. Company insiders own 3.38% of the company’s stock.

Several analysts have recently weighed in on INTU shares. Wolfe Research started coverage on shares of Intuit in a research note on Wednesday, April 28th. They issued an “outperform” rating and a $475.00 price objective for the company. Citigroup lifted their price objective on shares of Intuit from $383.00 to $411.00 and gave the company a “neutral” rating in a research note on Friday, February 12th. Zacks Investment Research upgraded shares of Intuit from a “strong sell” rating to a “hold” rating and set a $418.00 price objective for the company in a research note on Monday, March 1st. KeyCorp boosted their price target on shares of Intuit from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, February 2nd. Finally, UBS Group boosted their price target on shares of Intuit from $375.00 to $407.00 and gave the company a “neutral” rating in a research note on Tuesday, March 2nd. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Intuit presently has a consensus rating of “Buy” and a consensus target price of $431.65.

Shares of NASDAQ:INTU traded down $12.69 during trading on Tuesday, reaching $398.65. 14,404 shares of the company traded hands, compared to its average volume of 1,359,424. The firm has a market capitalization of $109.17 billion, a price-to-earnings ratio of 55.21, a P/E/G ratio of 4.29 and a beta of 0.99. Intuit Inc. has a 52-week low of $258.30 and a 52-week high of $423.74. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average is $400.13 and its 200-day moving average is $376.89.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, February 23rd. The software maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.55. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. Intuit had a return on equity of 40.29% and a net margin of 25.10%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, sell-side analysts predict that Intuit Inc. will post 5.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 19th. Shareholders of record on Monday, April 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 9th. Intuit’s dividend payout ratio is currently 35.98%.

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 three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

See Also: How to Invest in an Index Fund

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.