BKM Wealth Management LLC Invests $97,000 in Intuit Inc. (NASDAQ:INTU)

BKM Wealth Management LLC purchased a new position in Intuit Inc. (NASDAQ:INTUFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 155 shares of the software maker’s stock, valued at approximately $97,000.

A number of other large investors also recently modified their holdings of the business. NewSquare Capital LLC bought a new stake in Intuit in the 3rd quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new stake in Intuit in the 3rd quarter valued at about $26,000. Steward Financial Group LLC lifted its position in Intuit by 50.0% in the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Aspire Private Capital LLC lifted its position in Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after purchasing an additional 39 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new position in Intuit during the 3rd quarter valued at about $43,000. 82.63% of the stock is currently owned by institutional investors.

Intuit Trading Up 0.7 %

NASDAQ:INTU opened at $634.55 on Wednesday. Intuit Inc. has a 12 month low of $400.22 and a 12 month high of $671.01. The firm has a market cap of $177.67 billion, a price-to-earnings ratio of 64.75, a P/E/G ratio of 3.84 and a beta of 1.22. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $642.38 and its 200-day moving average is $583.65.

Intuit (NASDAQ:INTUGet Free Report) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Intuit’s revenue was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 36.73%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Susquehanna raised their target price on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. KeyCorp lifted their price objective on shares of Intuit from $670.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Wells Fargo & Company lifted their price objective on shares of Intuit from $615.00 to $710.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Morgan Stanley lifted their price objective on shares of Intuit from $525.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Finally, Stifel Nicolaus lifted their target price on shares of Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $641.52.

Check Out Our Latest Stock Report on INTU

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 14,771 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $589.60, for a total value of $8,708,981.60. Following the sale, the executive vice president now owns 50,030 shares of the company’s stock, valued at approximately $29,497,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Laura A. Fennell sold 14,771 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $589.60, for a total transaction of $8,708,981.60. Following the transaction, the executive vice president now owns 50,030 shares in the company, valued at approximately $29,497,688. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the transaction, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,611 shares of company stock valued at $21,505,271. 2.90% of the stock is owned by company insiders.

Intuit Profile

(Free Report)

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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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