Schaper Benz & Wise Investment Counsel Inc. WI Acquires 238 Shares of Intuit Inc. (NASDAQ:INTU)

Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Intuit Inc. (NASDAQ:INTU) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,867 shares of the software maker’s stock after buying an additional 238 shares during the quarter. Intuit comprises approximately 1.5% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 23rd biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Intuit were worth $19,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. New Century Financial Group LLC lifted its position in Intuit by 5.0% in the 3rd quarter. New Century Financial Group LLC now owns 1,207 shares of the software maker’s stock valued at $750,000 after acquiring an additional 58 shares in the last quarter. Resonant Capital Advisors LLC acquired a new stake in shares of Intuit in the 3rd quarter valued at about $211,000. Veracity Capital LLC lifted its holdings in shares of Intuit by 7.6% in the third quarter. Veracity Capital LLC now owns 710 shares of the software maker’s stock valued at $441,000 after purchasing an additional 50 shares in the last quarter. Verde Capital Management acquired a new position in shares of Intuit during the third quarter worth about $406,000. Finally, Alta Wealth Advisors LLC grew its holdings in shares of Intuit by 2.6% during the third quarter. Alta Wealth Advisors LLC now owns 1,182 shares of the software maker’s stock worth $734,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several research reports. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on shares of Intuit from $700.00 to $760.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Stifel Nicolaus upped their price target on shares of Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Barclays cut their price target on Intuit from $745.00 to $740.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $735.71.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $613.29 on Friday. Intuit Inc. has a 12-month low of $473.56 and a 12-month high of $676.62. The company’s 50 day moving average price is $630.40 and its two-hundred day moving average price is $627.54. The firm has a market cap of $171.44 billion, a PE ratio of 56.58, a PEG ratio of 3.04 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Equities research analysts predict that Intuit Inc. will post 14.04 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were given a dividend of $1.04 per share. This is a boost from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, October 10th. This represents a $4.16 annualized dividend and a yield of 0.68%. Intuit’s dividend payout ratio is currently 38.38%.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 30,159 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $642.36, for a total value of $19,372,935.24. Following the transaction, the executive vice president now directly owns 52,038 shares of the company’s stock, valued at $33,427,129.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Laura A. Fennell sold 30,159 shares of Intuit stock in a transaction on Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the transaction, the executive vice president now owns 52,038 shares in the company, valued at approximately $33,427,129.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 862 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total value of $535,327.86. Following the sale, the chief financial officer now owns 3,840 shares of the company’s stock, valued at approximately $2,384,755.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,297 shares of company stock valued at $35,220,046 over the last quarter. 2.90% of the stock is owned by company insiders.

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.