548 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Brady Martz Wealth Solutions LLC

Brady Martz Wealth Solutions LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 548 shares of the software maker's stock, valued at approximately $342,000.

Other large investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in Intuit in the 3rd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in shares of Intuit during the third quarter worth $32,000. Dunhill Financial LLC lifted its position in shares of Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker's stock worth $38,000 after acquiring an additional 32 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of Intuit by 10.6% in the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker's stock worth $47,000 after acquiring an additional 720 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of Intuit in the second quarter valued at $49,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTU shares. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Jefferies Financial Group raised their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $765.00 target price on shares of Intuit in a report on Friday, January 10th. Stifel Nicolaus cut their price target on shares of Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Finally, Scotiabank assumed coverage on shares of Intuit in a research report on Monday, November 18th. They set a "sector perform" rating and a $700.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 23,810 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 489 shares of the company's stock, valued at $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren D. Hotz sold 1,078 shares of the company's 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 transaction, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at $1,154,337.92. The trade was a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock valued at $188,992,187 in the last quarter. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

INTU traded down $3.14 during midday trading on Monday, hitting $604.13. The stock had a trading volume of 2,830,783 shares, compared to its average volume of 1,248,995. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The business has a fifty day moving average of $646.09 and a 200 day moving average of $636.77. The company has a market cap of $169.11 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 3.07 and a beta of 1.25.

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 the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion during 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 firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. As a group, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. Intuit's dividend payout ratio is currently 40.39%.

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.