Warren Street Wealth Advisors LLC Buys 25 Shares of Intuit Inc. (NASDAQ:INTU)

Warren Street Wealth Advisors LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 451 shares of the software maker’s stock after acquiring an additional 25 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Intuit were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of INTU. R Squared Ltd bought a new position in Intuit in the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in Intuit in the third quarter valued at about $27,000. Heck Capital Advisors LLC bought a new stake in Intuit during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Intuit in the 4th quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Intuit in the 4th quarter valued at approximately $29,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 1.6 %

Shares of NASDAQ:INTU opened at $576.54 on Thursday. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s fifty day moving average price is $624.25 and its 200-day moving average price is $631.05. The company has a market cap of $161.39 billion, a P/E ratio of 55.97, a PEG ratio of 2.91 and a beta of 1.24.

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

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued 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 0.72%. Intuit’s payout ratio is presently 40.39%.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the completion of the sale, the chief financial officer now directly owns 1,944 shares in the company, valued at $1,221,804. This represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock valued at $188,992,187 over the last 90 days. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTU. Stifel Nicolaus reduced their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley raised their target price on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $765.00 price target on shares of Intuit in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $726.53.

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.