Everhart Financial Group Inc. increased its holdings in Intuit Inc. (NASDAQ:INTU – Free Report) by 16.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,268 shares of the software maker’s stock after purchasing an additional 315 shares during the quarter. Everhart Financial Group Inc.’s holdings in Intuit were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in INTU. DiNuzzo Private Wealth Inc. purchased a new position in Intuit in the 4th quarter worth $25,000. Cultivar Capital Inc. purchased a new position in Intuit in the 2nd quarter worth $26,000. West Branch Capital LLC raised its position in Intuit by 79.2% in the 1st quarter. West Branch Capital LLC now owns 43 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. MCF Advisors LLC raised its position in Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after purchasing an additional 25 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in Intuit in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Intuit Stock Down 6.8 %
NASDAQ:INTU traded down $45.44 during mid-day trading on Friday, hitting $619.85. 4,112,461 shares of the company’s stock were exchanged, compared to its average volume of 1,333,187. Intuit Inc. has a one year low of $473.56 and a one year high of $676.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day moving average price of $639.27 and a 200 day moving average price of $634.44. The company has a market cap of $173.28 billion, a PE ratio of 57.18, a P/E/G ratio of 3.14 and a beta of 1.23.
Insider Transactions at Intuit
In other news, insider Scott D. Cook sold 14,748 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $567.40, for a total value of $8,368,015.20. Following the transaction, the insider now owns 6,701,721 shares in the company, valued at $3,802,556,495.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Scott D. Cook sold 14,748 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $567.40, for a total value of $8,368,015.20. Following the transaction, the insider now owns 6,701,721 shares in the company, valued at $3,802,556,495.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark P. Notarainni sold 465 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $281,129.70. Following the transaction, the executive vice president now directly owns 869 shares of the company’s stock, valued at $525,380.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,963 shares of company stock worth $114,442,445. Corporate insiders own 2.90% of the company’s stock.
Wall Street Analyst Weigh In
INTU has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $757.00 price objective on shares of Intuit in a research report on Friday, August 16th. Jefferies Financial Group boosted their price objective on shares of Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler restated an “overweight” rating and issued a $768.00 price objective (up previously from $760.00) on shares of Intuit in a research report on Friday. Barclays decreased their price objective on shares of Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a research report on Monday, May 20th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $703.27.
View Our Latest Stock Analysis on Intuit
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.
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