Atria Wealth Solutions Inc. Purchases 804 Shares of Intuit Inc. (NASDAQ:INTU)

Atria Wealth Solutions Inc. boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,241 shares of the software maker's stock after purchasing an additional 804 shares during the period. Atria Wealth Solutions Inc.'s holdings in Intuit were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Intuit during the fourth quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Intuit in the 4th quarter valued at $29,000. Finally, Denver PWM LLC acquired a new stake in Intuit during the 3rd quarter worth $32,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. Scotiabank initiated coverage on shares of Intuit in a research note on Monday, November 18th. They issued a "sector perform" rating and a $700.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $765.00 price target on shares of Intuit in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on shares of Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $726.53.

Intuit Stock Down 2.4 %

INTU traded down $13.61 during midday trading on Friday, hitting $565.47. 2,006,382 shares of the company's stock traded hands, compared to its average volume of 1,767,831. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market cap of $158.29 billion, a PE ratio of 54.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock's fifty day simple moving average is $614.05 and its 200-day simple moving average is $628.50.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Activity at Intuit

In other news, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares of the company's stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the completion of the sale, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is owned by company insiders.

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.