Level Four Advisory Services LLC Boosts Holdings in Intuit Inc. (NASDAQ:INTU)

Level Four Advisory Services LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTUGet Rating) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037 shares of the software maker’s stock after purchasing an additional 39 shares during the period. Level Four Advisory Services LLC’s holdings in Intuit were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. JSF Financial LLC raised its stake in Intuit by 2.9% in the 4th quarter. JSF Financial LLC now owns 675 shares of the software maker’s stock valued at $434,000 after purchasing an additional 19 shares during the last quarter. Hixon Zuercher LLC raised its position in shares of Intuit by 2.4% in the fourth quarter. Hixon Zuercher LLC now owns 850 shares of the software maker’s stock valued at $547,000 after buying an additional 20 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of Intuit by 2.3% in the fourth quarter. Oakworth Capital Inc. now owns 982 shares of the software maker’s stock worth $632,000 after buying an additional 22 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Intuit by 3.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 824 shares of the software maker’s stock worth $445,000 after buying an additional 25 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its position in Intuit by 0.9% during the fourth quarter. Abacus Planning Group Inc. now owns 2,731 shares of the software maker’s stock worth $1,757,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

INTU has been the topic of several recent research reports. Jefferies Financial Group lowered their target price on Intuit from $790.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Bank of America cut their target price on Intuit from $750.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, February 25th. Wells Fargo & Company lowered their price target on shares of Intuit from $725.00 to $635.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Mizuho cut their price objective on shares of Intuit from $730.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Finally, Edward Jones raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Friday, March 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of “Buy” and a consensus target price of $595.95.

INTU stock opened at $367.78 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $104.01 billion, a P/E ratio of 46.91, a PEG ratio of 2.89 and a beta of 1.16. The business has a 50 day simple moving average of $442.18 and a 200-day simple moving average of $530.33. Intuit Inc. has a twelve month low of $339.36 and a twelve month high of $716.86.

Intuit (NASDAQ:INTUGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The software maker reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.26). Intuit had a return on equity of 20.37% and a net margin of 19.03%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 69.6% on a year-over-year basis. Research analysts predict that Intuit Inc. will post 8.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, April 8th. Intuit’s payout ratio is 34.69%.

In other news, EVP James Alexander Chriss sold 368 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $478.84, for a total transaction of $176,213.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Laura A. Fennell sold 59,286 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $475.03, for a total transaction of $28,162,628.58. The disclosure for this sale can be found here. Corporate insiders own 3.27% of the company’s stock.

About Intuit (Get Rating)

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 ProConnect.

Read More

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:INTUGet Rating).

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.