Intuit Inc. (INTU) Shares Bought by Breakline Capital LLC

Breakline Capital LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,972 shares of the software maker’s stock after purchasing an additional 336 shares during the period. Intuit accounts for approximately 4.1% of Breakline Capital LLC’s investment portfolio, making the stock its 10th biggest position. Breakline Capital LLC’s holdings in Intuit were worth $4,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. We Are One Seven LLC acquired a new stake in Intuit in the 4th quarter valued at about $33,000. Moody National Bank Trust Division acquired a new stake in Intuit in the 4th quarter valued at about $35,000. Csenge Advisory Group purchased a new stake in shares of Intuit in the 3rd quarter valued at approximately $54,000. Massey Quick Simon & CO. LLC grew its stake in shares of Intuit by 37.5% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 275 shares of the software maker’s stock valued at $54,000 after buying an additional 75 shares during the period. Finally, CWM LLC grew its stake in shares of Intuit by 20.0% in the 4th quarter. CWM LLC now owns 336 shares of the software maker’s stock valued at $66,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 94.01% of the company’s stock.

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In other news, Chairman Scott D. Cook sold 152,001 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $197.41, for a total value of $30,006,517.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 3,650 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $188.94, for a total transaction of $689,631.00. Following the completion of the sale, the executive vice president now owns 3,383 shares in the company, valued at $639,184.02. The disclosure for this sale can be found here. Insiders sold a total of 347,207 shares of company stock worth $68,710,900 over the last 90 days. Company insiders own 4.60% of the company’s stock.

Several analysts have recently weighed in on INTU shares. Morgan Stanley raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 price target for the company in a research note on Monday, February 4th. Royal Bank of Canada raised shares of Intuit from a “sector perform” rating to an “outperform” rating and set a $93.00 price target for the company in a research note on Monday, November 26th. JPMorgan Chase & Co. cut shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price target for the company. in a research note on Thursday, December 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $255.00 price objective (up previously from $250.00) on shares of Intuit in a research report on Tuesday, January 22nd. Finally, Deutsche Bank lowered their price objective on shares of Intuit from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $225.63.

Intuit stock opened at $230.78 on Friday. The company has a market cap of $59.32 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. Intuit Inc. has a 52-week low of $162.59 and a 52-week high of $231.84. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13.

Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 19th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.18. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $971.45 million. Intuit had a net margin of 20.71% and a return on equity of 56.35%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Equities analysts expect that Intuit Inc. will post 5.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 18th. Shareholders of record on Thursday, January 10th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.81%. Intuit’s dividend payout ratio (DPR) is presently 41.50%.

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About Intuit

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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