Intuit Inc. (NASDAQ:INTU) Shares Purchased by Monograph Wealth Advisors LLC

Monograph Wealth Advisors LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,544 shares of the software maker’s stock after buying an additional 30 shares during the quarter. Intuit makes up approximately 0.5% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position. Monograph Wealth Advisors LLC’s holdings in Intuit were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Intuit in the fourth quarter valued at about $2,290,419,000. Proficio Capital Partners LLC raised its stake in shares of Intuit by 112,233.1% in the 4th quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker’s stock valued at $668,595,000 after acquiring an additional 1,062,847 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker’s stock worth $1,930,765,000 after acquiring an additional 771,232 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Intuit by 13.3% during the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker’s stock worth $3,329,115,000 after purchasing an additional 620,559 shares during the period. Finally, Unisphere Establishment boosted its position in shares of Intuit by 50.0% during the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker’s stock worth $942,750,000 after purchasing an additional 500,000 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the transaction, the executive vice president now owns 21,882 shares of the company’s stock, valued at $13,401,849.72. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction on 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 completion of the transaction, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of INTU stock opened at $671.16 on Wednesday. The company has a market cap of $187.63 billion, a P/E ratio of 65.16, a PEG ratio of 2.85 and a beta of 1.24. The firm has a fifty day moving average price of $611.83 and a 200 day moving average price of $619.91. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.62%. Intuit’s payout ratio is currently 38.81%.

Analyst Ratings Changes

A number of research firms have commented on INTU. Piper Sandler restated an “overweight” rating and set a $785.00 price target (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. Scotiabank upgraded Intuit from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $600.00 to $700.00 in a report on Thursday, April 17th. Citigroup lowered their target price on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Intuit in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $719.06.

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.