Wealthspire Advisors LLC Purchases 79 Shares of Intuit Inc. (NASDAQ:INTU)

Wealthspire Advisors LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,476 shares of the software maker’s stock after acquiring an additional 79 shares during the period. Wealthspire Advisors LLC’s holdings in Intuit were worth $1,548,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. DiNuzzo Private Wealth Inc. bought a new position in Intuit in the 4th quarter valued at about $25,000. MCF Advisors LLC lifted its holdings 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 purchasing an additional 25 shares in the last quarter. NewSquare Capital LLC purchased a new position in shares of Intuit during the third quarter valued at approximately $25,000. Cape Investment Advisory Inc. bought a new stake in Intuit during the third quarter worth $26,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Intuit in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock traded down $5.57 during trading hours on Thursday, reaching $626.86. The company had a trading volume of 1,292,678 shares, compared to its average volume of 1,228,763. The firm has a market cap of $175.52 billion, a PE ratio of 63.97, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. 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 business has a fifty day simple moving average of $635.87 and a 200 day simple moving average of $608.61.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s dividend payout ratio (DPR) is currently 36.73%.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuit news, 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 transaction, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on INTU. Mizuho lifted their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $700.00 price objective on shares of Intuit in a research note on Tuesday, March 26th. KeyCorp lifted their target price on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Stifel Nicolaus upped their target price on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.23.

About Intuit

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.