ROI Financial Advisors LLC Buys 208 Shares of Intuit Inc. (NASDAQ:INTU)

ROI Financial Advisors LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,699 shares of the software maker’s stock after purchasing an additional 208 shares during the quarter. Intuit comprises 1.2% of ROI Financial Advisors LLC’s portfolio, making the stock its 24th largest holding. ROI Financial Advisors LLC’s holdings in Intuit were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the second quarter worth approximately $25,000. Cultivar Capital Inc. acquired a new position in Intuit during the 2nd quarter valued at $26,000. Fairway Wealth LLC bought a new stake in Intuit in the 2nd quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in Intuit in the 3rd quarter worth $27,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Intuit during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INTU shares. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $750.00 to $685.00 in a report on Wednesday, August 14th. Jefferies Financial Group upped their target price on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Barclays decreased their price target on shares of Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Finally, Bank of America lifted their target price on shares of Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $735.71.

Intuit Stock Up 1.0 %

NASDAQ:INTU opened at $706.25 on Thursday. The stock has a 50-day simple moving average of $628.37 and a 200 day simple moving average of $628.67. Intuit Inc. has a 52-week low of $541.40 and a 52-week high of $714.78. The company has a market cap of $197.95 billion, a PE ratio of 67.58, a PEG ratio of 3.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.14. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. On average, sell-side analysts expect that Intuit Inc. will post 14.04 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 10th were given a dividend of $1.04 per share. This is a positive change from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, October 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.59%. Intuit’s payout ratio is 39.81%.

Insider Activity at Intuit

In other news, Director Eve B. Burton sold 2,988 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Intuit news, CFO Sandeep Aujla sold 775 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total transaction of $466,015.25. Following the completion of the sale, the chief financial officer now owns 4,451 shares of the company’s stock, valued at $2,676,430.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eve B. Burton sold 2,988 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,297 shares of company stock valued at $35,220,046. 2.90% of the stock is owned by corporate 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.