FSM Wealth Advisors LLC lessened its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,606 shares of the software maker’s stock after selling 25 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Intuit were worth $1,208,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Intuit during the 1st quarter worth about $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Intuit by 100.0% during the 1st quarter. Raleigh Capital Management Inc. now owns 58 shares of the software maker’s stock worth $26,000 after purchasing an additional 29 shares during the last quarter. Activest Wealth Management acquired a new stake in shares of Intuit during the 1st quarter worth about $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Intuit during the 1st quarter worth about $29,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Intuit in the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Insider Buying and Selling at Intuit
In other Intuit news, EVP Laura A. Fennell sold 53,741 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $450.96, for a total transaction of $24,235,041.36. Following the completion of the sale, the executive vice president now directly owns 39,896 shares of the company’s stock, valued at $17,991,500.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Laura A. Fennell sold 53,741 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $450.96, for a total value of $24,235,041.36. Following the completion of the sale, the executive vice president now directly owns 39,896 shares of the company’s stock, valued at $17,991,500.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marianna Tessel sold 7,310 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $531.31, for a total transaction of $3,883,876.10. Following the completion of the sale, the executive vice president now directly owns 28,840 shares of the company’s stock, valued at $15,322,980.40. The disclosure for this sale can be found here. In the last three months, insiders sold 90,927 shares of company stock valued at $44,218,147. 3.18% of the stock is owned by insiders.
Analysts Set New Price Targets
Intuit Price Performance
NASDAQ INTU traded down $1.99 on Monday, reaching $536.09. The company’s stock had a trading volume of 380,175 shares, compared to its average volume of 1,610,858. Intuit Inc. has a twelve month low of $352.63 and a twelve month high of $558.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $150.27 billion, a PE ratio of 63.46, a PEG ratio of 3.32 and a beta of 1.19. The firm’s 50 day moving average is $509.54 and its two-hundred day moving average is $460.33.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Thursday, August 24th. The software maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.22. Intuit had a net margin of 16.59% and a return on equity of 16.61%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the company earned $0.22 EPS. Intuit’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that Intuit Inc. will post 11.25 EPS for the current year.
Intuit Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 9th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.67%. This is an increase from Intuit’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Thursday, October 5th. Intuit’s dividend payout ratio is presently 36.97%.
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.
- Five stocks we like better than Intuit
- Where Do I Find 52-Week Highs and Lows?
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- How to Buy Cheap Stocks Step by Step
- 5 Reasons Mullen Automotive is About to Turn a Corner
- 3 Healthcare Dividend Stocks to Buy
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.