Donaldson Capital Management LLC Buys 3,243 Shares of Intuit Inc. (NASDAQ:INTU)

Donaldson Capital Management LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 286.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,374 shares of the software maker’s stock after buying an additional 3,243 shares during the period. Donaldson Capital Management LLC’s holdings in Intuit were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC bought a new stake in shares of Intuit in the 3rd quarter valued at about $27,000. Cerebellum GP LLC bought a new stake in shares of Intuit in the 3rd quarter valued at about $32,000. NewSquare Capital LLC bought a new stake in shares of Intuit in the 2nd quarter valued at about $42,000. Doyle Wealth Management bought a new stake in shares of Intuit during the 2nd quarter valued at about $52,000. Finally, Massey Quick Simon & CO. LLC boosted its position in shares of Intuit by 4,200.0% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 215 shares of the software maker’s stock valued at $57,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating and set a $280.00 target price on the stock. in a research report on Monday, December 30th. Credit Suisse Group restated an “outperform” rating and set a $300.00 target price on shares of Intuit in a research report on Thursday, January 2nd. ValuEngine lowered Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley upped their target price on Intuit from $260.00 to $290.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $283.33.

In other news, EVP James Alexander Chriss sold 21,543 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $258.78, for a total value of $5,574,897.54. Following the completion of the sale, the executive vice president now directly owns 126 shares of the company’s stock, valued at $32,606.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 92,950 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $257.74, for a total value of $23,956,933.00. Following the completion of the sale, the chief executive officer now directly owns 133,686 shares of the company’s stock, valued at $34,456,229.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 527,369 shares of company stock worth $136,763,551. Corporate insiders own 4.09% of the company’s stock.

Shares of NASDAQ:INTU opened at $272.68 on Wednesday. The business’s 50 day simple moving average is $263.21 and its two-hundred day simple moving average is $268.44. The firm has a market cap of $71.85 billion, a P/E ratio of 48.87, a PEG ratio of 2.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 1.80. Intuit Inc. has a 52-week low of $205.38 and a 52-week high of $295.77.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Intuit had a return on equity of 42.04% and a net margin of 22.79%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities analysts forecast that Intuit Inc. will post 6.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, January 10th will be issued a $0.53 dividend. The ex-dividend date is Thursday, January 9th. This represents a $2.12 annualized dividend and a yield of 0.78%. Intuit’s payout ratio is currently 37.99%.

Intuit Company Profile

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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