KFG Wealth Management LLC Sells 74 Shares of Intuit Inc. (NASDAQ:INTU)

KFG Wealth Management LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 920 shares of the software maker’s stock after selling 74 shares during the period. KFG Wealth Management LLC’s holdings in Intuit were worth $575,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. NewSquare Capital LLC bought a new position in shares of Intuit during the 3rd quarter worth about $25,000. Cape Investment Advisory Inc. bought a new position in Intuit during the 3rd quarter valued at about $26,000. Steward Financial Group LLC lifted its holdings in Intuit by 50.0% during the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Aspire Private Capital LLC lifted its holdings in Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock valued at $34,000 after purchasing an additional 39 shares during the last quarter. Finally, Webster Bank N. A. bought a new position in Intuit during the 4th quarter valued at about $41,000. 83.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Susquehanna lifted their price target on shares of Intuit from $700.00 to $775.00 and gave the company a “positive” rating in a report on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. Oppenheimer raised their price objective on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. KeyCorp raised their price objective on shares of Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Finally, Barclays raised their price objective on shares of Intuit from $735.00 to $745.00 and gave the company an “overweight” 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Intuit Stock Down 0.5 %

INTU traded down $3.21 during trading on Friday, reaching $605.17. The company had a trading volume of 1,607,538 shares, compared to its average volume of 1,248,751. 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 Inc. has a 12 month low of $400.22 and a 12 month high of $671.01. The business’s fifty day moving average price is $643.99 and its 200 day moving average price is $598.45. The company has a market cap of $169.45 billion, a P/E ratio of 61.62, a PEG ratio of 3.73 and a beta of 1.21.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results 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. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, April 9th. Intuit’s dividend payout ratio is presently 36.73%.

Intuit 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.