IFP Advisors Inc Purchases 35 Shares of Intuit Inc. (NASDAQ:INTU)

IFP Advisors Inc increased its position in Intuit Inc. (NASDAQ:INTU) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,961 shares of the software maker’s stock after buying an additional 35 shares during the quarter. IFP Advisors Inc’s holdings in Intuit were worth $2,490,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Intuit in the 4th quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit in the 4th quarter worth $28,000. Sugar Maple Asset Management LLC bought a new position in Intuit during the 4th quarter valued at $29,000. Finally, Denver PWM LLC bought a new position in Intuit during the 3rd quarter valued at $32,000. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 109 shares of Intuit 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 owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the completion of the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,014 shares of company stock valued at $140,855,687. 2.68% of the stock is owned by insiders.

Intuit Trading Down 2.0 %

Shares of INTU opened at $555.63 on Wednesday. The business has a 50-day moving average of $607.70 and a 200 day moving average of $627.55. Intuit Inc. has a fifty-two week low of $553.24 and a fifty-two week high of $714.78. The firm has a market cap of $155.53 billion, a P/E ratio of 53.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Analyst Ratings Changes

Several brokerages have weighed in on INTU. BNP Paribas cut Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. Morgan Stanley raised their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Oppenheimer raised their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $765.00 price objective on shares of Intuit in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $726.71.

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.