Intuit Inc. (NASDAQ:INTU) is Evexia Wealth LLC’s Largest Position

Evexia Wealth LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 0.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,455 shares of the software maker’s stock after selling 62 shares during the period. Intuit comprises 4.4% of Evexia Wealth LLC’s holdings, making the stock its biggest position. Evexia Wealth LLC’s holdings in Intuit were worth $12,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Copia Wealth Management purchased a new stake in Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC lifted its position in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after acquiring an additional 18 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Intuit during the fourth quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new stake in Intuit during the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC purchased a new stake in Intuit during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.6%

NASDAQ:INTU opened at $771.58 on Friday. The firm has a market capitalization of $215.23 billion, a P/E ratio of 74.91, a PEG ratio of 2.85 and a beta of 1.28. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $773.45. The company’s fifty day moving average price is $646.24 and its 200-day moving average price is $626.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping analysts’ consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.88 earnings per share. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.16 annualized dividend and a yield of 0.54%. Intuit’s dividend payout ratio is presently 33.77%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of analyst reports. KeyCorp reissued an “overweight” rating and set a $850.00 target price (up previously from $770.00) on shares of Intuit in a research report on Friday, May 23rd. The Goldman Sachs Group upped their price target on shares of Intuit from $750.00 to $860.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Bank of America upped their price target on shares of Intuit from $730.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Citigroup restated a “buy” rating and set a $789.00 price target (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Evercore ISI upped their price target on shares of Intuit from $685.00 to $785.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $785.33.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 72,442 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the sale, the insider now owns 6,063,495 shares in the company, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now owns 8 shares in the company, valued at approximately $4,800. This represents a 99.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,592 shares of company stock worth $165,325,437. 2.68% of the stock is owned by company insiders.

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.