Intuit Inc. (NASDAQ:INTU) Stock Position Increased by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 27.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,036 shares of the software maker’s stock after purchasing an additional 3,035 shares during the period. Intuit makes up approximately 1.8% of Buck Wealth Strategies LLC’s holdings, making the stock its 28th biggest position. Buck Wealth Strategies LLC’s holdings in Intuit were worth $8,822,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Financial Advocates Investment Management grew its holdings in Intuit by 8.8% during the fourth quarter. Financial Advocates Investment Management now owns 1,327 shares of the software maker’s stock worth $834,000 after acquiring an additional 107 shares during the period. Adero Partners LLC increased its position in Intuit by 1.2% during the fourth quarter. Adero Partners LLC now owns 2,233 shares of the software maker’s stock worth $1,403,000 after buying an additional 26 shares during the last quarter. YANKCOM Partnership acquired a new stake in shares of Intuit in the fourth quarter worth $180,000. Trilogy Capital Inc. grew its position in Intuit by 28.3% during the fourth quarter. Trilogy Capital Inc. now owns 3,407 shares of the software maker’s stock worth $2,141,000 after buying an additional 752 shares in the last quarter. Finally, Tyche Wealth Partners LLC acquired a new position in shares of Intuit in the 4th quarter valued at $932,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at approximately $1,221,804. This represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is currently owned by insiders.

Intuit Stock Down 0.6 %

INTU stock opened at $588.26 on Thursday. The company’s 50 day moving average is $628.37 and its 200 day moving average is $632.37. The stock has a market cap of $164.67 billion, a price-to-earnings ratio of 57.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.71%. Intuit’s payout ratio is 40.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on INTU shares. Stifel Nicolaus decreased their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and set a $765.00 price target on shares of Intuit in a research note on Friday, January 10th. Jefferies Financial Group boosted their price objective on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $726.53.

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.