Trilogy Capital Inc. Invests $508,000 in Intuit Inc. (NASDAQ:INTU)

Trilogy Capital Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 781 shares of the software maker’s stock, valued at approximately $508,000.

Several other institutional investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new position in shares of Intuit in the fourth quarter worth about $25,000. MCF Advisors LLC boosted its position in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Intuit in the fourth quarter worth $38,000. Sachetta LLC bought a new position in Intuit during the fourth quarter worth $39,000. Finally, Webster Bank N. A. acquired a new position in Intuit during the 4th quarter valued at $41,000. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 0.9 %

INTU opened at $657.21 on Monday. Intuit Inc. has a 1-year low of $444.19 and a 1-year high of $676.62. The firm has a 50-day moving average price of $618.61 and a two-hundred day moving average price of $628.28. The stock has a market capitalization of $183.72 billion, a PE ratio of 60.63, a PEG ratio of 3.76 and a beta of 1.23. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, topping the consensus estimate of $8.12 by $1.76. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. Intuit’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.80 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 11.72 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 10th. Intuit’s dividend payout ratio is 33.21%.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total transaction of $44,838,750.00. Following the completion of the sale, the insider now owns 6,791,469 shares of the company’s stock, valued at approximately $4,060,279,741.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Intuit news, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total transaction of $44,838,750.00. Following the transaction, the insider now owns 6,791,469 shares in the company, valued at $4,060,279,741.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott D. Cook sold 27,309 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total value of $16,198,606.44. Following the completion of the sale, the insider now directly owns 6,524,412 shares of the company’s stock, valued at $3,870,020,221.92. The disclosure for this sale can be found here. Insiders sold a total of 193,937 shares of company stock valued at $113,123,232 over the last ninety days. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on INTU shares. Morgan Stanley boosted their price objective on shares of Intuit from $680.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Bank of America cut their price target on Intuit from $760.00 to $730.00 and set a “buy” rating for the company in a report on Friday, May 24th. Citigroup lifted their price objective on Intuit from $727.00 to $750.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus cut their target price on Intuit from $720.00 to $690.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $700.00 target price on shares of Intuit in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $683.91.

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.