Lumature Wealth Partners LLC Has $1.20 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Lumature Wealth Partners LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU – Get Rating) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,861 shares of the software maker’s stock after buying an additional 62 shares during the quarter. Lumature Wealth Partners LLC’s holdings in Intuit were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JNBA Financial Advisors acquired a new position in Intuit during the fourth quarter worth about $25,000. Mascoma Wealth Management LLC grew its holdings in shares of Intuit by 3,900.0% during the fourth quarter. Mascoma Wealth Management LLC now owns 40 shares of the software maker’s stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Intuit during the fourth quarter worth about $26,000. Baillie Gifford & Co. bought a new stake in shares of Intuit during the fourth quarter worth about $30,000. Finally, D Orazio & Associates Inc. grew its holdings in shares of Intuit by 1,200.0% during the third quarter. D Orazio & Associates Inc. now owns 78 shares of the software maker’s stock worth $42,000 after purchasing an additional 72 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Shares of NASDAQ:INTU opened at $371.76 on Friday. The company has a market capitalization of $105.14 billion, a PE ratio of 47.42, a price-to-earnings-growth ratio of 2.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $450.35 and a two-hundred day moving average price of $540.44. Intuit Inc. has a 1 year low of $339.36 and a 1 year high of $716.86.

Intuit (NASDAQ:INTU – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The software maker reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.26). The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.72 billion. Intuit had a net margin of 19.03% and a return on equity of 20.37%. The firm’s revenue for the quarter was up 69.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Sell-side analysts anticipate that Intuit Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, April 8th. This represents a $2.72 dividend on an annualized basis and a yield of 0.73%. Intuit’s dividend payout ratio (DPR) is presently 34.69%.

INTU has been the topic of several analyst reports. Evercore ISI reduced their target price on Intuit from $720.00 to $645.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Bank of America reduced their target price on Intuit from $750.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Piper Sandler reduced their target price on Intuit from $770.00 to $674.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Edward Jones upgraded Intuit from a “hold” rating to a “buy” rating in a report on Friday, March 11th. Finally, JPMorgan Chase & Co. reduced their target price on Intuit from $750.00 to $640.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Intuit has a consensus rating of “Buy” and an average target price of $611.45.

In other news, EVP Laura A. Fennell sold 59,286 shares of the stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total transaction of $28,162,628.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Alexander Chriss sold 368 shares of the stock in a transaction on Monday, February 28th. The stock was 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 corporate insiders.

About Intuit (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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