Nations Financial Group Inc. IA ADV Buys 183 Shares of Intuit Inc. (NASDAQ:INTU)

Nations Financial Group Inc. IA ADV increased its stake in Intuit Inc. (NASDAQ:INTU) by 22.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,016 shares of the software maker’s stock after purchasing an additional 183 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Intuit were worth $631,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of INTU. Venturi Wealth Management LLC lifted its holdings in Intuit by 21.6% during the third quarter. Venturi Wealth Management LLC now owns 3,812 shares of the software maker’s stock valued at $2,367,000 after purchasing an additional 678 shares during the last quarter. Addison Advisors LLC raised its position in shares of Intuit by 42.0% in the third quarter. Addison Advisors LLC now owns 142 shares of the software maker’s stock valued at $88,000 after purchasing an additional 42 shares during the period. Catalytic Wealth RIA LLC lifted its stake in shares of Intuit by 46.4% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 1,240 shares of the software maker’s stock valued at $770,000 after buying an additional 393 shares in the last quarter. Ashton Thomas Securities LLC boosted its holdings in Intuit by 4.1% in the 3rd quarter. Ashton Thomas Securities LLC now owns 1,518 shares of the software maker’s stock worth $943,000 after buying an additional 60 shares during the period. Finally, YCG LLC grew its stake in Intuit by 0.3% in the 3rd quarter. YCG LLC now owns 61,704 shares of the software maker’s stock valued at $38,318,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent research reports. Stifel Nicolaus increased their target price on Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Susquehanna restated a “positive” rating and issued a $757.00 target price on shares of Intuit in a research note on Friday, August 16th. Morgan Stanley cut Intuit from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Piper Sandler restated an “overweight” rating and issued a $768.00 price objective on shares of Intuit in a research report on Friday, September 27th. Finally, Bank of America upped their target price on shares of Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $735.71.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 2,461 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the sale, the insider now owns 6,453,105 shares of the company’s stock, valued at $4,111,853,974.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intuit news, Director Eve B. Burton sold 2,988 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Cook sold 2,461 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the transaction, the insider now directly owns 6,453,105 shares in the company, valued at $4,111,853,974.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,297 shares of company stock worth $35,220,046 in the last three months. 2.90% of the stock is owned by insiders.

Intuit Trading Up 1.0 %

Shares of INTU opened at $706.25 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Intuit Inc. has a fifty-two week low of $541.40 and a fifty-two week high of $714.78. The firm has a 50 day moving average price of $628.37 and a 200-day moving average price of $628.67. The firm has a market cap of $197.95 billion, a price-to-earnings ratio of 67.58, a PEG ratio of 3.42 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, equities research analysts forecast that Intuit Inc. will post 14.04 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.59%. This is an increase from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, October 10th. Intuit’s payout ratio is presently 39.81%.

Intuit Profile

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.