1,131 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,131 shares of the software maker’s stock, valued at approximately $707,000. Intuit makes up approximately 0.8% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. NewSquare Capital LLC acquired a new position in Intuit during the 3rd quarter worth $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Intuit in the 3rd quarter valued at about $26,000. Steward Financial Group LLC boosted its stake in shares of Intuit by 50.0% in the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after buying an additional 20 shares during the period. Aspire Private Capital LLC grew its position in shares of Intuit by 144.4% during the third quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares in the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of Intuit during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $5.21 during midday trading on Thursday, reaching $608.00. 420,210 shares of the company were exchanged, compared to its average volume of 1,238,556. The stock has a fifty day simple moving average of $644.88 and a 200 day simple moving average of $598.39. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The stock has a market cap of $170.24 billion, a P/E ratio of 62.54, a PEG ratio of 3.72 and a beta of 1.21. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01.

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. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be paid a $0.90 dividend. 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%.

Insider Activity

In related news, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction dated 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 directly owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction 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 is available at 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 sale, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on INTU shares. Piper Sandler boosted their price target on shares of Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Evercore ISI boosted their target price on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Wells Fargo & Company raised their price target on Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Mizuho upped their price objective on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus boosted their target price on Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $645.00.

About Intuit

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.