Bison Wealth LLC Purchases 37 Shares of Intuit Inc. (NASDAQ:INTU)

Bison Wealth LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 584 shares of the software maker’s stock after buying an additional 37 shares during the quarter. Bison Wealth LLC’s holdings in Intuit were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. lifted its stake in Intuit by 39.6% in the first quarter. Fairfield Bush & CO. now owns 3,648 shares of the software maker’s stock worth $1,754,000 after acquiring an additional 1,035 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Intuit by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,309 shares of the software maker’s stock valued at $242,492,000 after buying an additional 48,196 shares during the period. Cetera Investment Advisers raised its stake in Intuit by 8.4% in the first quarter. Cetera Investment Advisers now owns 3,227 shares of the software maker’s stock worth $1,552,000 after buying an additional 249 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Intuit by 7.1% in the first quarter. Baird Financial Group Inc. now owns 53,691 shares of the software maker’s stock worth $25,825,000 after buying an additional 3,576 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Intuit by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 34,207 shares of the software maker’s stock valued at $16,448,000 after acquiring an additional 2,127 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. KeyCorp upped their target price on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on shares of Intuit from $615.00 to $710.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Piper Sandler upped their price target on Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, Susquehanna lifted their price target on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $645.00.

Insider Activity at Intuit

In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of Intuit stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the completion of the transaction, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is owned by corporate insiders.

Intuit Trading Down 0.1 %

Shares of INTU stock opened at $611.49 on Wednesday. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The firm has a fifty day moving average price of $645.48 and a 200-day moving average price of $598.28. The company has a market cap of $171.22 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 3.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities analysts predict that Intuit Inc. will post 11.27 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit’s dividend payout ratio is currently 36.73%.

Intuit Company 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.