Atria Wealth Solutions Inc. Has $4.21 Million Position in Intuit Inc. (NASDAQ:INTU)

Atria Wealth Solutions Inc. lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,735 shares of the software maker’s stock after selling 145 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intuit were worth $4,210,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. NewSquare Capital LLC bought a new position in Intuit during the 3rd quarter valued at $25,000. Cape Investment Advisory Inc. bought a new position in Intuit during the 3rd quarter valued at $26,000. MCF Advisors LLC lifted its stake in Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Steward Financial Group LLC lifted its stake 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 acquiring an additional 20 shares in the last quarter. Finally, Aspire Private Capital LLC raised its stake in shares of Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following 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 disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock valued at $3,117,156 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Intuit Stock Up 1.6 %

INTU stock opened at $636.55 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $178.23 billion, a PE ratio of 64.95, a PEG ratio of 3.88 and a beta of 1.21. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01. The stock has a 50-day simple moving average of $640.26 and a two-hundred day simple moving average of $603.18.

Intuit (NASDAQ:INTU) last posted its 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. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, equities analysts predict that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s payout ratio is presently 36.73%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Susquehanna lifted their target price on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Barclays lifted their target price on Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Oppenheimer lifted their target price on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $700.00 target price on shares of Intuit in a research note on Tuesday, March 26th. Finally, StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $650.23.

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.