Intuit Inc. (NASDAQ:INTU) Shares Acquired by Evoke Wealth LLC

Evoke Wealth LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,754 shares of the software maker’s stock after acquiring an additional 117 shares during the period. Evoke Wealth LLC’s holdings in Intuit were worth $4,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Horizon Investments LLC lifted its position in shares of Intuit by 40.8% during the fourth quarter. Horizon Investments LLC now owns 9,624 shares of the software maker’s stock worth $6,039,000 after purchasing an additional 2,789 shares in the last quarter. BlackDiamond Wealth Management LLC increased its stake in Intuit by 15.8% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 424 shares of the software maker’s stock worth $266,000 after buying an additional 58 shares during the period. William Blair Investment Management LLC lifted its holdings in Intuit by 10.6% in the 4th quarter. William Blair Investment Management LLC now owns 583,581 shares of the software maker’s stock worth $366,781,000 after buying an additional 56,160 shares in the last quarter. Curio Wealth LLC purchased a new position in Intuit in the 4th quarter valued at about $84,000. Finally, Parallel Advisors LLC grew its stake in shares of Intuit by 10.4% during the fourth quarter. Parallel Advisors LLC now owns 25,803 shares of the software maker’s stock valued at $16,217,000 after acquiring an additional 2,429 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lauren D. Hotz sold 1,078 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This represents a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the transaction, the insider now directly owns 6,301,286 shares of the company’s stock, valued at $4,189,977,112.84. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,301 shares of company stock worth $121,470,200. 2.68% of the stock is owned by corporate insiders.

Intuit Price Performance

Shares of INTU opened at $602.11 on Tuesday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The stock’s fifty day moving average is $597.76 and its 200-day moving average is $623.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $168.33 billion, a price-to-earnings ratio of 58.46, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. Intuit’s dividend payout ratio (DPR) is 38.81%.

Analyst Ratings Changes

INTU has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and set a $785.00 price objective (up previously from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Oppenheimer increased their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 target price for the company in a research report on Wednesday, February 26th. Finally, Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating on the stock. 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 MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $721.61.

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.