Monograph Wealth Advisors LLC acquired a new position in Intuit Inc. (NASDAQ:INTU – Get Rating) in the fourth quarter, Holdings Channel reports. The firm acquired 7,651 shares of the software maker’s stock, valued at approximately $4,921,000. Intuit accounts for 1.2% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 12th largest holding.
Other institutional investors have also recently bought and sold shares of the company. 55I LLC purchased a new stake in shares of Intuit during the third quarter worth $431,000. Geneos Wealth Management Inc. increased its position in Intuit by 7.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,369 shares of the software maker’s stock worth $744,000 after purchasing an additional 91 shares during the last quarter. Sawtooth Solutions LLC increased its position in Intuit by 15.2% in the 3rd quarter. Sawtooth Solutions LLC now owns 1,113 shares of the software maker’s stock worth $601,000 after purchasing an additional 147 shares during the last quarter. Glassman Wealth Services increased its position in Intuit by 11.7% in the 3rd quarter. Glassman Wealth Services now owns 230 shares of the software maker’s stock worth $124,000 after purchasing an additional 24 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Intuit in the 3rd quarter worth about $9,454,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
Shares of INTU stock opened at $371.76 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $105.14 billion, a P/E ratio of 47.42, a P/E/G ratio of 2.84 and a beta of 1.16. Intuit Inc. has a 12 month low of $339.36 and a 12 month high of $716.86. The stock has a 50 day moving average of $450.35 and a two-hundred day moving average of $540.44.
The business also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, April 8th. This represents a $2.72 annualized dividend and a dividend yield of 0.73%. Intuit’s dividend payout ratio (DPR) is presently 34.69%.
In other Intuit news, EVP Laura A. Fennell sold 59,286 shares of Intuit stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Alexander Chriss sold 368 shares of Intuit stock in a transaction on Monday, February 28th. The shares were sold at an average price of $478.84, for a total value of $176,213.12. The disclosure for this sale can be found here. 3.27% of the stock is owned by company insiders.
Several brokerages have weighed in on INTU. Jefferies Financial Group dropped their target price on Intuit from $790.00 to $700.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. Bank of America lowered their price objective on Intuit from $750.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, February 25th. StockNews.com began coverage on Intuit in a report on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho lowered their price objective on Intuit from $730.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd. Finally, Stifel Nicolaus lowered their price objective on Intuit from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has an average rating of “Buy” and an average target price of $611.45.
Intuit Profile (Get Rating)
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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