Ashton Thomas Securities LLC Buys 40 Shares of Intuit Inc. (NASDAQ:INTU)

Ashton Thomas Securities LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,558 shares of the software maker’s stock after purchasing an additional 40 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Intuit were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Eagle Asset Management Inc. increased its position in shares of Intuit by 20.8% during the third quarter. Eagle Asset Management Inc. now owns 4,649 shares of the software maker’s stock valued at $3,181,000 after buying an additional 799 shares during the period. Kingsview Wealth Management LLC increased its holdings in Intuit by 28.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,576 shares of the software maker’s stock worth $978,000 after acquiring an additional 353 shares during the period. Penserra Capital Management LLC lifted its stake in Intuit by 1.2% in the 3rd quarter. Penserra Capital Management LLC now owns 2,890 shares of the software maker’s stock worth $1,793,000 after purchasing an additional 34 shares in the last quarter. Swedbank AB boosted its holdings in Intuit by 3.5% in the 3rd quarter. Swedbank AB now owns 118,266 shares of the software maker’s stock valued at $73,443,000 after purchasing an additional 4,035 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Intuit by 38.2% during the 3rd quarter. Larson Financial Group LLC now owns 300 shares of the software maker’s stock valued at $186,000 after purchasing an additional 83 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent analyst reports. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. Finally, Scotiabank dropped their target price on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $721.61.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $613.09 on Tuesday. 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 stock has a market cap of $171.40 billion, a PE ratio of 59.52, a PEG ratio of 2.85 and a beta of 1.27. The company’s fifty day moving average is $596.08 and its 200 day moving average is $622.74. Intuit Inc. has a 52 week low of $553.24 and a 52 week high of $714.78.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. Intuit’s dividend payout ratio is currently 38.81%.

Insider Transactions at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 75,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $630.10, for a total value of $47,257,500.00. Following the transaction, the chief executive officer now owns 35,776 shares in the company, valued at approximately $22,542,457.60. The trade was a 67.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now directly owns 6,219,900 shares of the company’s stock, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,733 shares of company stock worth $77,947,205. Company insiders own 2.68% of the company’s stock.

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.