Ashton Thomas Private Wealth LLC Sells 133 Shares of Intuit Inc. (NASDAQ:INTU)

Ashton Thomas Private Wealth LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,765 shares of the software maker’s stock after selling 133 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Intuit were worth $3,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Avidian Wealth Enterprises LLC raised its position in Intuit by 36.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 667 shares of the software maker’s stock valued at $414,000 after purchasing an additional 177 shares during the last quarter. M&G PLC raised its position in Intuit by 15.4% in the 3rd quarter. M&G PLC now owns 42,306 shares of the software maker’s stock valued at $26,272,000 after purchasing an additional 5,658 shares during the last quarter. Graypoint LLC raised its position in Intuit by 11.3% in the 3rd quarter. Graypoint LLC now owns 2,439 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 247 shares during the last quarter. Advisor Resource Council bought a new position in Intuit in the 3rd quarter valued at $285,000. Finally, Walkner Condon Financial Advisors LLC raised its position in Intuit by 18.0% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 426 shares of the software maker’s stock valued at $264,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of several research analyst reports. Scotiabank cut their price objective on Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Oppenheimer lifted their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. BMO Capital Markets lowered their target price on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $721.61.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,811 shares of company stock valued at $142,391,012. Company insiders own 2.68% of the company’s stock.

Intuit Stock Up 0.5 %

NASDAQ:INTU opened at $609.61 on Friday. Intuit Inc. has a 1 year low of $553.24 and a 1 year high of $714.78. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $170.42 billion, a price-to-earnings ratio of 59.19, a PEG ratio of 2.85 and a beta of 1.27. The stock has a 50-day moving average price of $602.28 and a two-hundred day moving average price of $625.73.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. Intuit’s payout ratio is 38.81%.

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.