Weil Company Inc. Sells 64 Shares of Intuit Inc. (NASDAQ:INTU)

Weil Company Inc. lessened its position in Intuit Inc. (NASDAQ:INTU) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,926 shares of the software maker’s stock after selling 64 shares during the quarter. Intuit accounts for 1.6% of Weil Company Inc.’s portfolio, making the stock its 17th largest position. Weil Company Inc.’s holdings in Intuit were worth $3,704,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Intuit during the 3rd quarter valued at about $426,000. NewSquare Capital LLC bought a new stake in Intuit during the 3rd quarter valued at about $25,000. MGO One Seven LLC lifted its holdings in Intuit by 17.9% during the 3rd quarter. MGO One Seven LLC now owns 1,289 shares of the software maker’s stock valued at $659,000 after buying an additional 196 shares in the last quarter. Aspire Private Capital LLC lifted its holdings in Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after buying an additional 39 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Intuit by 7.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the software maker’s stock valued at $221,000 after purchasing an additional 31 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction on 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 in the company, valued at $15,233,800.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction 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 sale, 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 ninety days, insiders sold 4,717 shares of company stock worth $3,117,156. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Intuit from $725.00 to $750.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays raised their target price on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Piper Sandler lifted their price objective on shares of Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Mizuho lifted their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $666.59.

Intuit Stock Performance

Shares of INTU traded down $8.01 during trading hours on Thursday, hitting $662.26. The stock had a trading volume of 1,873,374 shares, compared to its average volume of 1,209,936. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50-day moving average price of $634.72 and a 200 day moving average price of $619.64. Intuit Inc. has a fifty-two week low of $400.22 and a fifty-two week high of $676.62. The firm has a market capitalization of $185.43 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 4.07 and a beta of 1.22.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.12 by $1.76. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the previous year, the business posted $7.80 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Intuit Inc. will post 11.28 EPS for the current year.

About Intuit

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.