Gilbert & Cook Inc. Raises Stock Position in Intuit Inc. (NASDAQ:INTU)

Gilbert & Cook Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 47.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,231 shares of the software maker’s stock after purchasing an additional 396 shares during the period. Gilbert & Cook Inc.’s holdings in Intuit were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. West Oak Capital LLC purchased a new stake in shares of Intuit in the 3rd quarter valued at approximately $27,000. Manchester Financial Inc. purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $30,000. FNY Investment Advisers LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $30,000. NewSquare Capital LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $42,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $48,000. 87.20% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on INTU. BidaskClub downgraded shares of Intuit from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group downgraded shares of Intuit to a “sell” rating in a research note on Friday, October 25th. Citigroup boosted their price target on shares of Intuit from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Credit Suisse Group boosted their price target on shares of Intuit from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Bank of America boosted their price target on shares of Intuit from $264.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $278.21.

Shares of INTU stock traded down $2.50 during trading on Friday, reaching $256.85. The company’s stock had a trading volume of 1,357,200 shares, compared to its average volume of 1,389,052. The stock’s 50-day moving average price is $262.77 and its 200 day moving average price is $264.79. Intuit Inc. has a 1-year low of $182.61 and a 1-year high of $295.77. The company has a market capitalization of $65.84 billion, a price-to-earnings ratio of 46.03, a P/E/G ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.83.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.37. The firm had revenue of $994.00 million during the quarter, compared to the consensus estimate of $964.02 million. Intuit had a net margin of 22.95% and a return on equity of 43.86%. Intuit’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 6.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 10th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.12 dividend on an annualized basis and a yield of 0.83%. This is an increase from Intuit’s previous quarterly dividend of $0.47. Intuit’s dividend payout ratio is presently 37.99%.

In other Intuit news, EVP Gregory N. Johnson sold 2,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $290.74, for a total transaction of $726,850.00. Following the completion of the transaction, the executive vice president now owns 11,625 shares in the company, valued at approximately $3,379,852.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark J. Flournoy sold 6,854 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $286.33, for a total transaction of $1,962,505.82. Following the transaction, the chief accounting officer now owns 4,541 shares of the company’s stock, valued at approximately $1,300,224.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 285,279 shares of company stock valued at $68,553,645. 4.60% of the stock is owned by insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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