Forvis Mazars Wealth Advisors LLC Buys 39 Shares of Intuit Inc. (NASDAQ:INTU)

Forvis Mazars Wealth Advisors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,460 shares of the software maker’s stock after buying an additional 39 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Intuit were worth $2,175,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INTU. R Squared Ltd purchased a new position in Intuit during the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit during the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new stake in Intuit in the fourth quarter worth $29,000. Finally, Denver PWM LLC purchased a new stake in Intuit during the third quarter valued at $32,000. 83.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 73,655 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $664.94, for a total value of $48,976,155.70. Following the completion of the transaction, the insider now directly owns 6,301,286 shares of the company’s stock, valued at approximately $4,189,977,112.84. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Laura A. Fennell sold 4,788 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total value of $2,938,012.56. Following the sale, the executive vice president now directly owns 30,010 shares in the company, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,014 shares of company stock worth $140,855,687 in the last ninety days. 2.68% of the stock is owned by company insiders.

Intuit Trading Down 2.4 %

INTU stock opened at $565.47 on Monday. The company has a market capitalization of $158.28 billion, a PE ratio of 54.90, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The firm’s 50-day moving average is $612.23 and its 200 day moving average is $628.49.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Redburn Atlantic assumed coverage on shares of Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Morgan Stanley boosted their price objective on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Oppenheimer raised their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group boosted their target price on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $726.71.

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.