Weaver Capital Management LLC Has $805,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Weaver Capital Management LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,281 shares of the software maker’s stock after buying an additional 94 shares during the quarter. Weaver Capital Management LLC’s holdings in Intuit were worth $805,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Stratos Wealth Advisors LLC increased its stake in shares of Intuit by 5.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 2,241 shares of the software maker’s stock worth $1,409,000 after purchasing an additional 121 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Intuit by 1.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,091 shares of the software maker’s stock worth $5,714,000 after purchasing an additional 114 shares during the last quarter. Sargent Investment Group LLC increased its stake in shares of Intuit by 1.6% during the 4th quarter. Sargent Investment Group LLC now owns 1,757 shares of the software maker’s stock worth $1,077,000 after purchasing an additional 28 shares during the last quarter. Ninety One SA PTY Ltd increased its stake in shares of Intuit by 4.0% during the 4th quarter. Ninety One SA PTY Ltd now owns 4,062 shares of the software maker’s stock worth $2,553,000 after purchasing an additional 156 shares during the last quarter. Finally, RFG Holdings Inc. increased its stake in shares of Intuit by 15.5% during the 4th quarter. RFG Holdings Inc. now owns 1,219 shares of the software maker’s stock worth $768,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the transaction, the insider now owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % 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 shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. This trade 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays dropped their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Stifel Nicolaus decreased their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective for the company. in a report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and set a $765.00 price objective on shares of Intuit in a report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 price objective on shares of Intuit in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $726.53.

Intuit Trading Down 1.5 %

Shares of Intuit stock opened at $591.72 on Wednesday. The stock has a market capitalization of $165.63 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $630.27 and a 200 day simple moving average of $633.00. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s payout ratio is presently 40.39%.

Intuit Company 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.