Evexia Wealth LLC Raises Stake in Intuit Inc. (NASDAQ:INTU)

Evexia Wealth LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,682 shares of the software maker’s stock after purchasing an additional 251 shares during the period. Intuit comprises 4.5% of Evexia Wealth LLC’s investment portfolio, making the stock its 6th largest position. Evexia Wealth LLC’s holdings in Intuit were worth $10,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in shares of Intuit in the third quarter worth approximately $43,000. Hills Bank & Trust Co bought a new stake in Intuit in the 3rd quarter worth approximately $299,000. Waldron Private Wealth LLC raised its stake in Intuit by 2.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 1,945 shares of the software maker’s stock valued at $993,000 after buying an additional 53 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Intuit by 17.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 506,855 shares of the software maker’s stock valued at $257,947,000 after buying an additional 73,845 shares during the period. Finally, NBT Bank N A NY purchased a new position in shares of Intuit in the 3rd quarter worth $408,000. Institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is currently owned by insiders.

Intuit Price Performance

NASDAQ INTU traded up $6.51 during trading hours on Tuesday, reaching $641.15. The company’s stock had a trading volume of 757,578 shares, compared to its average volume of 1,231,888. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. 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 has a market capitalization of $179.52 billion, a price-to-earnings ratio of 65.42, a PEG ratio of 3.83 and a beta of 1.22. The firm’s 50-day moving average price is $636.41 and its 200-day moving average price is $608.45.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. On average, equities research analysts predict that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. Intuit’s payout ratio is 36.73%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on INTU shares. Barclays upped their price objective on Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Mizuho increased their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Susquehanna upped their target price on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company lifted their price target 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. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $650.23.

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.