Wynn Capital LLC Buys New Holdings in Intuit Inc. (NASDAQ:INTU)

Wynn Capital LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 470 shares of the software maker’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC increased its holdings in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. NewSquare Capital LLC purchased a new position in shares of Intuit in the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Intuit in the 3rd quarter worth approximately $26,000. Steward Financial Group LLC boosted its stake in shares of 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 last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Intuit in the 4th quarter worth approximately $38,000. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTU has been the topic of several research analyst reports. Piper Sandler upped their price objective on Intuit from $642.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. increased their target price on Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Susquehanna increased their target price on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Evercore ISI increased their target price on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $645.00.

Intuit Price Performance

INTU traded up $4.61 during trading on Wednesday, reaching $635.49. The stock had a trading volume of 1,376,556 shares, compared to its average volume of 1,250,610. The stock has a market cap of $177.94 billion, a PE ratio of 64.85, a PEG ratio of 3.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. The business has a 50-day moving average of $641.83 and a 200-day moving average of $601.63.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.57%. Intuit’s payout ratio is 36.73%.

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 745 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 over the last three months. Company insiders own 2.90% of the company’s stock.

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.