Intuit Inc. (NASDAQ:INTU) Shares Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 30.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the software maker’s stock after buying an additional 168 shares during the quarter. Ethos Financial Group LLC’s holdings in Intuit were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in INTU. NewSquare Capital LLC bought a new stake in shares of Intuit during the 3rd quarter valued at about $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit during the 4th quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Intuit during the 3rd quarter valued at about $26,000. MCF Advisors LLC grew its position in shares of Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after buying an additional 25 shares during the last quarter. Finally, Aspire Private Capital LLC grew its position in shares of Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTU. JPMorgan Chase & Co. boosted their price objective on shares of Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Piper Sandler upped 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. Oppenheimer upped their target price on shares of Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Evercore ISI upped their target price on shares of Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, StockNews.com cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.23.

Insider Buying and Selling at Intuit

In related news, EVP Kerry J. Mclean sold 3,692 shares of Intuit 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 transaction, the executive vice president now owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction that occurred on 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 transaction, the executive vice president now owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

NASDAQ:INTU traded down $5.57 during midday trading on Thursday, reaching $626.86. The stock had a trading volume of 1,292,678 shares, compared to its average volume of 1,228,763. Intuit Inc. has a 1-year low of $400.22 and a 1-year high of $671.01. The firm’s fifty day simple moving average is $635.87 and its 200-day simple moving average is $608.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $175.52 billion, a P/E ratio of 63.97, a PEG ratio of 3.83 and a beta of 1.22.

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

Intuit Announces Dividend

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

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.