Oliver Lagore Vanvalin Investment Group Boosts Stake in Intuit Inc. (NASDAQ:INTU)

Oliver Lagore Vanvalin Investment Group increased its position in Intuit Inc. (NASDAQ:INTU) by 64.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,890 shares of the software maker’s stock after buying an additional 740 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Intuit were worth $1,182,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in Intuit in the 3rd quarter worth $25,000. Cape Investment Advisory Inc. bought a new position in Intuit in the 3rd quarter worth $26,000. Steward Financial Group LLC boosted its holdings in Intuit by 50.0% in the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after buying an additional 20 shares during the period. Webster Bank N. A. bought a new position in Intuit in the 4th quarter worth $41,000. Finally, Aspire Private Capital LLC boosted its holdings in Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the sale, the executive vice president now directly owns 22,948 shares in the company, valued at $15,233,800.32. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock valued at $3,117,156 over the last 90 days. Insiders own 2.90% of the company’s stock.

Intuit Stock Down 0.7 %

INTU traded down $4.21 during trading on Thursday, hitting $609.00. The stock had a trading volume of 350,865 shares, compared to its average volume of 1,237,927. The company has a market capitalization of $170.52 billion, a PE ratio of 62.54, a PEG ratio of 3.72 and a beta of 1.21. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day simple moving average of $644.88 and a two-hundred day simple moving average of $598.39.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts predict that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research reports. Oppenheimer increased their price objective on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Stifel Nicolaus raised their target price on shares of Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Mizuho raised their target price on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. raised their target price on shares of Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Finally, Piper Sandler raised their target price on shares of Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $645.00.

Intuit Profile

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.