FSM Wealth Advisors LLC Acquires 31 Shares of Intuit Inc. (NASDAQ:INTU)

FSM Wealth Advisors LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,620 shares of the software maker’s stock after purchasing an additional 31 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Intuit were worth $1,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Western Pacific Wealth Management LP boosted its holdings in shares of Intuit by 12.8% during the 4th quarter. Western Pacific Wealth Management LP now owns 247 shares of the software maker’s stock worth $155,000 after buying an additional 28 shares in the last quarter. McAdam LLC raised its position in shares of Intuit by 7.0% during the fourth quarter. McAdam LLC now owns 353 shares of the software maker’s stock worth $222,000 after purchasing an additional 23 shares during the period. Greenleaf Trust raised its position in shares of Intuit by 0.8% during the fourth quarter. Greenleaf Trust now owns 9,223 shares of the software maker’s stock worth $5,797,000 after purchasing an additional 72 shares during the period. Golden State Equity Partners raised its position in shares of Intuit by 140.4% during the fourth quarter. Golden State Equity Partners now owns 327 shares of the software maker’s stock worth $206,000 after purchasing an additional 191 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new position in shares of Intuit during the fourth quarter worth approximately $744,000. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the transaction, the chief financial officer now owns 1,944 shares in the company, valued at $1,221,804. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is owned by company insiders.

Intuit Stock Down 0.5 %

Shares of NASDAQ:INTU opened at $601.51 on Monday. The company has a market capitalization of $168.37 billion, a PE ratio of 58.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $630.95 and a two-hundred day moving average price of $633.44. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 EPS. Analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. Intuit’s payout ratio is 40.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on INTU shares. BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research report on Wednesday, January 15th. Jefferies Financial Group upped their target price on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Oppenheimer upped their target price on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their price target on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $726.53.

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.