180 Wealth Advisors LLC Lowers Position in Intuit Inc. (NASDAQ:INTU)

180 Wealth Advisors LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTUGet Rating) by 31.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 647 shares of the software maker’s stock after selling 297 shares during the period. 180 Wealth Advisors LLC’s holdings in Intuit were worth $251,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in INTU. Castleview Partners LLC purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. San Luis Wealth Advisors LLC purchased a new position in shares of Intuit during the first quarter valued at approximately $26,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. Activest Wealth Management bought a new stake in shares of Intuit during the first quarter valued at approximately $29,000. Finally, Motco bought a new stake in shares of Intuit during the first quarter valued at approximately $45,000. 83.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INTU. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intuit from $525.00 to $560.00 in a research report on Wednesday, August 24th. KeyCorp raised their price target on shares of Intuit from $475.00 to $525.00 and gave the company an “overweight” rating in a research report on Wednesday, August 24th. Citigroup started coverage on shares of Intuit in a research report on Thursday, September 1st. They set a “buy” rating and a $538.00 price target for the company. Credit Suisse Group cut their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, May 25th. Finally, Barclays lifted their target price on shares of Intuit from $580.00 to $585.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average target price of $570.61.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 22,250 shares of Intuit stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $463.21, for a total transaction of $10,306,422.50. Following the transaction, the chief executive officer now owns 60,208 shares in the company, valued at approximately $27,888,947.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Intuit news, EVP Laura A. Fennell sold 10,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $392.39, for a total value of $3,923,900.00. Following the sale, the executive vice president now owns 28,717 shares in the company, valued at approximately $11,268,263.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sasan K. Goodarzi sold 22,250 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $463.21, for a total transaction of $10,306,422.50. Following the completion of the sale, the chief executive officer now owns 60,208 shares in the company, valued at approximately $27,888,947.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,108 shares of company stock worth $22,650,291. 3.27% of the stock is owned by corporate insiders.

Intuit Trading Up 0.2 %

Shares of INTU stock opened at $423.00 on Monday. Intuit Inc. has a 1 year low of $339.36 and a 1 year high of $716.86. The firm has a fifty day moving average price of $440.48 and a 200-day moving average price of $430.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $119.23 billion, a price-to-earnings ratio of 58.34, a PEG ratio of 2.91 and a beta of 1.19.

Intuit (NASDAQ:INTUGet Rating) last released its earnings results on Tuesday, August 23rd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. Intuit had a net margin of 16.23% and a return on equity of 16.47%. During the same quarter in the previous year, the business posted $1.28 EPS. As a group, equities analysts predict that Intuit Inc. will post 9.1 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 10th will be paid a dividend of $0.78 per share. This is a boost from Intuit’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.74%. Intuit’s payout ratio is 37.52%.

Intuit Company Profile

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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 ProConnect.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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