PFG Investments LLC Has $620,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

PFG Investments LLC decreased its stake in Intuit Inc. (NASDAQ:INTU) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,009 shares of the software maker’s stock after selling 235 shares during the period. PFG Investments LLC’s holdings in Intuit were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Copia Wealth Management acquired a new stake in shares of Intuit in the fourth quarter valued at about $25,000. NewSquare Capital LLC increased its stake in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after buying an additional 18 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $28,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Up 0.2%

INTU stock opened at $762.55 on Tuesday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $773.45. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $686.27 and its 200-day moving average is $635.14. The firm has a market capitalization of $212.71 billion, a PE ratio of 61.90, a P/E/G ratio of 3.39 and a beta of 1.28.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping analysts’ consensus estimates of $10.89 by $0.76. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. Intuit’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $9.88 earnings per share. Sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a dividend of $1.04 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.55%. Intuit’s dividend payout ratio (DPR) is currently 33.77%.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total value of $48,116,427.84. Following the completion of the sale, the insider now directly owns 6,000,679 shares of the company’s stock, valued at $4,596,460,107.21. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alex G. Balazs sold 1,459 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 271,158 shares of company stock worth $202,989,194. 2.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $742.00 target price (up previously from $642.00) on shares of Intuit in a research note on Friday, May 23rd. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Citigroup reaffirmed a “buy” rating and set a $789.00 target price (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. Susquehanna reaffirmed a “positive” rating on shares of Intuit in a research note on Friday, May 23rd. Finally, Evercore ISI raised their target price on Intuit from $685.00 to $785.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $787.95.

Intuit Company 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.