Intuit Inc. (NASDAQ:INTU) Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363 shares of the software maker’s stock after purchasing an additional 32 shares during the quarter. Florida Financial Advisors LLC’s holdings in Intuit were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baxter Bros Inc. boosted its holdings in shares of Intuit by 1.1% during the fourth quarter. Baxter Bros Inc. now owns 60,270 shares of the software maker’s stock valued at $37,880,000 after acquiring an additional 649 shares during the period. Zions Bancorporation N.A. boosted its stake in Intuit by 40.6% during the 4th quarter. Zions Bancorporation N.A. now owns 8,099 shares of the software maker’s stock valued at $5,090,000 after purchasing an additional 2,338 shares during the period. FineMark National Bank & Trust grew its position in Intuit by 1.8% in the 4th quarter. FineMark National Bank & Trust now owns 1,509 shares of the software maker’s stock worth $948,000 after purchasing an additional 27 shares during the last quarter. Ashton Thomas Securities LLC increased its stake in shares of Intuit by 2.6% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,558 shares of the software maker’s stock valued at $979,000 after purchasing an additional 40 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in shares of Intuit during the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INTU shares. Redburn Atlantic assumed coverage on Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Scotiabank lowered their price target on Intuit from $700.00 to $600.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Citigroup reduced their price objective on shares of Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and raised their target price for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. Finally, Piper Sandler restated an “overweight” rating and set a $785.00 price target (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $721.61.

Intuit Trading Up 0.9 %

NASDAQ:INTU opened at $618.72 on Wednesday. The stock has a fifty day simple moving average of $595.97 and a 200 day simple moving average of $622.76. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $172.97 billion, a price-to-earnings ratio of 60.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. Intuit Inc. has a 1-year low of $553.24 and a 1-year high of $714.78.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

Insider Activity

In other Intuit news, CEO Sasan K. Goodarzi sold 26,562 shares of Intuit stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the transaction, the chief executive officer now owns 37,869 shares of the company’s stock, valued at $23,701,828.41. The trade was a 41.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,896 shares of company stock worth $82,946,716 over the last 90 days. 2.68% of the stock is owned by company 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.