10,949 Shares in Intuit Inc. (NASDAQ:INTU) Bought by BDF Gestion

BDF Gestion acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,949 shares of the software maker’s stock, valued at approximately $7,196,000.

A number of other large investors also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in shares of Intuit by 9.7% in the 4th quarter. Bleakley Financial Group LLC now owns 4,726 shares of the software maker’s stock worth $2,954,000 after purchasing an additional 418 shares during the period. Valley National Advisers Inc. boosted its position in Intuit by 14.1% during the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the software maker’s stock valued at $161,000 after acquiring an additional 32 shares during the last quarter. Strategic Blueprint LLC grew its holdings in Intuit by 102.1% during the 4th quarter. Strategic Blueprint LLC now owns 875 shares of the software maker’s stock worth $547,000 after acquiring an additional 442 shares during the period. Busey Bank bought a new position in shares of Intuit in the 4th quarter worth about $763,000. Finally, RFG Advisory LLC lifted its stake in shares of Intuit by 6.2% in the 4th quarter. RFG Advisory LLC now owns 1,959 shares of the software maker’s stock valued at $1,225,000 after purchasing an additional 114 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Up 0.7 %

NASDAQ:INTU traded up $4.08 during trading hours on Friday, hitting $630.20. 802,671 shares of the company traded hands, compared to its average volume of 1,328,678. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a market cap of $176.17 billion, a PE ratio of 57.76, a PEG ratio of 3.14 and a beta of 1.23. The firm’s 50-day simple moving average is $623.68 and its 200-day simple moving average is $633.73. Intuit Inc. has a one year low of $473.56 and a one year high of $676.62.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, May 23rd. The software maker reported $9.88 EPS for the quarter, beating the consensus estimate of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the prior year, the company posted $7.80 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts predict that Intuit Inc. will post 11.72 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were paid a $0.90 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s payout ratio is presently 33.21%.

Analysts Set New Price Targets

Several equities research analysts recently commented on INTU shares. Piper Sandler reaffirmed an “overweight” rating and set a $760.00 target price on shares of Intuit in a research note on Friday, July 12th. Stifel Nicolaus lowered their price objective on shares of Intuit from $720.00 to $690.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Jefferies Financial Group reiterated a “buy” rating and set a $770.00 target price on shares of Intuit in a research report on Thursday, June 13th. Bank of America reduced their price target on shares of Intuit from $760.00 to $730.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, Morgan Stanley upped their price objective on shares of Intuit from $680.00 to $740.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $694.27.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 1,061 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total value of $690,997.47. Following the completion of the transaction, the chief financial officer now owns 3,333 shares in the company, valued at approximately $2,170,682.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark P. Notarainni sold 465 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $281,129.70. Following the completion of the sale, the executive vice president now owns 869 shares in the company, valued at approximately $525,380.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,061 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $651.27, for a total value of $690,997.47. Following the completion of the transaction, the chief financial officer now owns 3,333 shares in the company, valued at approximately $2,170,682.91. The disclosure for this sale can be found here. Insiders sold a total of 195,963 shares of company stock valued at $114,442,445 over the last three months. Corporate insiders own 2.90% of the company’s stock.

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.