BankPlus Trust Department Acquires Shares of 97 Intuit Inc. (NASDAQ:INTU)

BankPlus Trust Department acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 97 shares of the software maker’s stock, valued at approximately $61,000.

Other institutional investors also recently made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in Intuit by 0.6% in the 4th quarter. Impax Asset Management Group plc now owns 22,392 shares of the software maker’s stock valued at $14,073,000 after purchasing an additional 144 shares in the last quarter. Crestwood Advisors Group LLC increased its position in Intuit by 22.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,043 shares of the software maker’s stock worth $1,284,000 after purchasing an additional 380 shares in the last quarter. IFP Advisors Inc boosted its holdings in Intuit by 0.9% in the 4th quarter. IFP Advisors Inc now owns 3,961 shares of the software maker’s stock worth $2,490,000 after acquiring an additional 35 shares during the period. Waverton Investment Management Ltd boosted its holdings in Intuit by 2.6% in the 4th quarter. Waverton Investment Management Ltd now owns 263,413 shares of the software maker’s stock worth $165,600,000 after acquiring an additional 6,776 shares during the period. Finally, World Equity Group Inc. purchased a new position in Intuit in the 4th quarter worth approximately $250,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lauren D. Hotz sold 1,078 shares of the 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 transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the transaction, the executive vice president now owns 489 shares of the company’s stock, valued at $325,664.22. This trade represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,014 shares of company stock valued at $140,855,687 over the last three months. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research analyst reports. Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Redburn Atlantic initiated coverage on Intuit in a research note on Wednesday, February 19th. They set a “neutral” rating for the company. Piper Sandler reiterated an “overweight” rating and set a $765.00 target price on shares of Intuit in a research note on Friday, January 10th. Scotiabank initiated coverage on Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price for the company. Finally, StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $726.71.

Intuit Price Performance

Shares of INTU opened at $555.63 on Wednesday. The firm has a market capitalization of $155.53 billion, a price-to-earnings ratio of 53.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. 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 $607.70 and its 200-day moving average is $627.55.

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.