Beaird Harris Wealth Management LLC Takes Position in Intuit Inc. (NASDAQ:INTU)

Beaird Harris Wealth Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, Holdings Channel.com reports. The fund acquired 72 shares of the software maker’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. acquired a new stake in Intuit during the 4th quarter valued at approximately $25,000. MCF Advisors LLC increased its position in 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 purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Intuit during the 4th quarter valued at approximately $38,000. Sachetta LLC acquired a new stake in Intuit during the 4th quarter valued at approximately $39,000. Finally, Webster Bank N. A. acquired a new stake in Intuit during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the sale, the insider now directly owns 6,524,412 shares in the company, valued at approximately $3,870,020,221.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, June 10th. The stock was sold at an average price of $567.75, for a total transaction of $42,581,250.00. Following the sale, the insider now directly owns 6,626,721 shares in the company, valued at approximately $3,762,320,847.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $593.16, for a total value of $16,198,606.44. Following the sale, the insider now owns 6,524,412 shares in the company, valued at $3,870,020,221.92. The disclosure for this sale can be found here. Insiders have sold 194,217 shares of company stock worth $113,301,418 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INTU shares. Evercore ISI increased their price target on Intuit from $670.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Stifel Nicolaus reduced their price objective on shares of Intuit from $720.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $770.00 price objective on shares of Intuit in a research report on Thursday. Oppenheimer raised their price objective 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. Finally, StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $679.41.

Intuit Stock Up 0.2 %

INTU traded up $1.08 during mid-day trading on Friday, reaching $595.70. 1,070,500 shares of the stock were exchanged, compared to its average volume of 1,784,930. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $166.53 billion, a PE ratio of 54.95, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21. The company has a 50 day moving average price of $617.54 and a two-hundred day moving average price of $624.57. Intuit Inc. has a 1 year low of $441.04 and a 1 year high of $676.62.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.12 by $1.76. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.80 EPS. As a group, research analysts anticipate that Intuit Inc. will post 11.72 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, July 10th. Intuit’s payout ratio is 33.21%.

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.