Ausdal Financial Partners Inc. Makes New $214,000 Investment in Intuit Inc. (NASDAQ:INTU)

Ausdal Financial Partners Inc. acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 341 shares of the software maker’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in Intuit by 1,027.3% during the third quarter. Quantbot Technologies LP now owns 124 shares of the software maker’s stock worth $77,000 after purchasing an additional 113 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Intuit by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 15,647 shares of the software maker’s stock worth $9,717,000 after buying an additional 361 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Intuit by 4.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 20,071 shares of the software maker’s stock worth $12,464,000 after buying an additional 902 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Intuit by 6.9% during the 3rd quarter. Captrust Financial Advisors now owns 64,896 shares of the software maker’s stock worth $40,300,000 after buying an additional 4,184 shares during the period. Finally, Eventide Asset Management LLC boosted its stake in Intuit by 66.9% in the 3rd quarter. Eventide Asset Management LLC now owns 5,971 shares of the software maker’s stock valued at $3,708,000 after buying an additional 2,393 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Down 2.7 %

Shares of NASDAQ INTU opened at $598.92 on Friday. Intuit Inc. has a 1 year low of $553.24 and a 1 year high of $714.78. The firm’s 50-day moving average is $595.90 and its 200-day moving average is $622.46. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $167.44 billion, a PE ratio of 58.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is presently 38.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTU shares. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Mizuho raised their price objective on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Finally, Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.61.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 109 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at $1,221,804. This represents a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 75,000 shares of Intuit stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the transaction, the chief executive officer now directly owns 35,776 shares in the company, valued at $22,542,457.60. The trade was a 67.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,896 shares of company stock worth $82,946,716. Insiders own 2.68% of the company’s stock.

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.