Waycross Partners LLC Acquires 500 Shares of Intuit Inc. (NASDAQ:INTU)

Waycross Partners LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,950 shares of the software maker’s stock after buying an additional 500 shares during the period. Waycross Partners LLC’s holdings in Intuit were worth $1,592,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of INTU. Parisi Gray Wealth Management bought a new stake in Intuit during the second quarter valued at $27,000. Princeton Global Asset Management LLC boosted its stake in Intuit by 66.7% during the third quarter. Princeton Global Asset Management LLC now owns 50 shares of the software maker’s stock valued at $27,000 after buying an additional 20 shares during the period. Atlantic Trust LLC bought a new stake in Intuit during the second quarter valued at $30,000. D Orazio & Associates Inc. boosted its stake in Intuit by 1,200.0% during the third quarter. D Orazio & Associates Inc. now owns 78 shares of the software maker’s stock valued at $42,000 after buying an additional 72 shares during the period. Finally, MUFG Americas Holdings Corp boosted its stake in Intuit by 59.3% during the third quarter. MUFG Americas Holdings Corp now owns 86 shares of the software maker’s stock valued at $46,000 after buying an additional 32 shares during the period. 79.97% of the stock is owned by institutional investors.

In related news, EVP Laura A. Fennell sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 5th. The shares were sold at an average price of $607.47, for a total value of $9,112,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Alexander Chriss sold 336 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $691.96, for a total transaction of $232,498.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,950 shares of company stock worth $34,464,008. Insiders own 3.27% of the company’s stock.

A number of equities research analysts have weighed in on INTU shares. Jefferies Financial Group raised their price target on Intuit from $640.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Mizuho raised their price target on Intuit from $640.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on Intuit from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Evercore ISI raised their price target on Intuit from $650.00 to $720.00 and gave the company an “outperform” rating in a research report on Friday, November 19th. Finally, Piper Sandler raised their price target on Intuit from $621.00 to $770.00 and gave the company an “overweight” rating in a research report on Friday, November 19th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $665.10.

Shares of INTU traded down $3.74 during mid-day trading on Friday, reaching $549.18. The company had a trading volume of 38,941 shares, compared to its average volume of 1,612,920. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a 50-day moving average price of $635.90 and a 200 day moving average price of $577.25. Intuit Inc. has a 52 week low of $359.33 and a 52 week high of $716.86. The company has a market capitalization of $155.51 billion, a price-to-earnings ratio of 73.14, a price-to-earnings-growth ratio of 4.76 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 18th. The software maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.56. Intuit had a return on equity of 22.39% and a net margin of 20.28%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. As a group, research analysts forecast that Intuit Inc. will post 7.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Monday, January 10th will be given a $0.68 dividend. The ex-dividend date is Friday, January 7th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.50%. Intuit’s dividend payout ratio is currently 35.98%.

About Intuit

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; Credit Karma; and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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