Duncker Streett & Co. Inc. Has $6.58 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Duncker Streett & Co. Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 10,523 shares of the software maker’s stock after purchasing an additional 423 shares during the quarter. Intuit accounts for approximately 1.4% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 16th largest position. Duncker Streett & Co. Inc.’s holdings in Intuit were worth $6,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in Intuit in the third quarter worth about $51,000. V Square Quantitative Management LLC boosted its position in shares of Intuit by 18.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 482 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Intuit by 27.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 8,800 shares of the software maker’s stock worth $4,496,000 after purchasing an additional 1,900 shares during the period. Glenmede Trust Co. NA lifted its stake in Intuit by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock valued at $9,400,000 after buying an additional 2,074 shares during the period. Finally, Hixon Zuercher LLC acquired a new position in shares of Intuit during the 4th quarter worth about $1,292,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was 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 owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 in the last three months. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on INTU shares. Stifel Nicolaus increased their target price on shares of Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Susquehanna upped their price target on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their price objective on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Evercore ISI increased their target price on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Oppenheimer upped their price target on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

Intuit Price Performance

INTU traded up $2.59 on Wednesday, hitting $614.08. 342,465 shares of the stock were exchanged, compared to its average volume of 1,239,079. 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 Inc. has a 12 month low of $400.22 and a 12 month high of $671.01. The firm has a market capitalization of $171.94 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 3.73 and a beta of 1.21. The business has a 50-day moving average of $645.48 and a two-hundred day moving average of $598.28.

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

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

Intuit Company 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.