TCI Wealth Advisors Inc. Has $367,000 Holdings in Intuit Inc. (NASDAQ:INTU)

TCI Wealth Advisors Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598 shares of the software maker’s stock after selling 26 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Intuit were worth $367,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC raised its holdings in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after acquiring an additional 18 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. Finally, VSM Wealth Advisory LLC acquired a new position in Intuit in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ INTU opened at $754.83 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $675.86 and a 200 day simple moving average of $632.87. The company has a market cap of $210.56 billion, a P/E ratio of 61.27, a P/E/G ratio of 3.40 and a beta of 1.28. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $773.45.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.89 by $0.76. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. Intuit’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.88 EPS. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit’s dividend payout ratio is currently 33.77%.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 72,442 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the sale, the insider now directly owns 6,063,495 shares of the company’s stock, valued at $4,494,808,208.55. This represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alex G. Balazs sold 1,459 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The disclosure for this sale can be found here. In the last three months, insiders sold 286,706 shares of company stock valued at $212,420,665. Company insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INTU shares. Piper Sandler reiterated an “overweight” rating and issued a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Stifel Nicolaus upped their price objective on shares of Intuit from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Citigroup reiterated a “buy” rating and issued a $789.00 price objective (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. Barclays reiterated an “overweight” rating and issued a $815.00 price objective (up previously from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an “overweight” rating in a research note on Friday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $787.95.

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.