Clifford Swan Investment Counsel LLC Has $17.92 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Clifford Swan Investment Counsel LLC raised its holdings in Intuit Inc. (NASDAQ:INTUGet Rating) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,270 shares of the software maker’s stock after buying an additional 1,698 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Intuit were worth $17,921,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Core Alternative Capital lifted its stake in shares of Intuit by 20.4% in the 2nd quarter. Core Alternative Capital now owns 130 shares of the software maker’s stock valued at $50,000 after acquiring an additional 22 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its position in Intuit by 3.2% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 713 shares of the software maker’s stock worth $275,000 after purchasing an additional 22 shares during the last quarter. Dohj LLC raised its position in Intuit by 0.8% during the 2nd quarter. Dohj LLC now owns 3,205 shares of the software maker’s stock worth $1,236,000 after purchasing an additional 25 shares during the last quarter. WP Advisors LLC raised its position in Intuit by 3.7% during the 3rd quarter. WP Advisors LLC now owns 706 shares of the software maker’s stock worth $273,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Private Wealth Group LLC raised its position in Intuit by 7.7% during the 2nd quarter. Sage Private Wealth Group LLC now owns 379 shares of the software maker’s stock worth $146,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

Insider Activity

In other news, EVP James Alexander Chriss sold 597 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $400.00, for a total transaction of $238,800.00. Following the completion of the transaction, the executive vice president now directly owns 344 shares in the company, valued at approximately $137,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Lauren D. Hotz sold 400 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $416.01, for a total value of $166,404.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,067 shares in the company, valued at $859,892.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Alexander Chriss sold 597 shares of the company’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $400.00, for a total transaction of $238,800.00. Following the completion of the transaction, the executive vice president now owns 344 shares of the company’s stock, valued at $137,600. The disclosure for this sale can be found here. Insiders sold 3,086 shares of company stock worth $1,258,434 in the last three months. Corporate insiders own 3.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Intuit from $525.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, November 30th. Bank of America reduced their target price on Intuit from $500.00 to $475.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Jefferies Financial Group dropped their target price on shares of Intuit from $575.00 to $525.00 in a research report on Wednesday, November 30th. BMO Capital Markets dropped their target price on shares of Intuit from $467.00 to $448.00 in a research report on Wednesday, November 30th. Finally, Oppenheimer dropped their target price on shares of Intuit from $516.00 to $476.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 30th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $499.21.

Intuit Stock Performance

INTU stock traded down $10.52 during midday trading on Wednesday, reaching $391.03. 52,980 shares of the company’s stock traded hands, compared to its average volume of 1,347,380. The company has a 50-day moving average price of $392.80 and a two-hundred day moving average price of $411.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.37 and a current ratio of 1.37. Intuit Inc. has a 52 week low of $339.36 and a 52 week high of $579.96. The firm has a market capitalization of $109.85 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15.

Intuit (NASDAQ:INTUGet Rating) last issued its earnings results on Tuesday, November 29th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.49. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Intuit had a net margin of 14.10% and a return on equity of 14.31%. As a group, equities analysts anticipate that Intuit Inc. will post 8.99 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 10th were given a dividend of $0.78 per share. The ex-dividend date was Monday, January 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.80%. Intuit’s dividend payout ratio (DPR) is currently 47.49%.

Intuit Profile

(Get Rating)

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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