Evexia Wealth LLC Has $10.67 Million Position in Intuit Inc. (NASDAQ:INTU)

Evexia Wealth LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,682 shares of the software maker’s stock after buying an additional 251 shares during the quarter. Intuit comprises about 4.5% of Evexia Wealth LLC’s portfolio, making the stock its 6th largest position. Evexia Wealth LLC’s holdings in Intuit were worth $10,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in Intuit in the third quarter valued at about $25,000. DiNuzzo Private Wealth Inc. acquired a new position in Intuit during the fourth quarter worth about $25,000. Cape Investment Advisory Inc. bought a new position in shares of Intuit in the third quarter worth about $26,000. MCF Advisors LLC boosted its stake in shares of Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Finally, Aspire Private Capital LLC grew its holdings 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 valued at $34,000 after purchasing an additional 39 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTU. JPMorgan Chase & Co. increased their price objective on shares of Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Oppenheimer raised their price objective on Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. BMO Capital Markets reissued an “outperform” rating and set a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus upped their price objective on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $650.23.

Insider Activity

In other news, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were 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 $15,233,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 in the last three months. Company insiders own 2.90% of the company’s stock.

Intuit Trading Up 1.0 %

Shares of INTU stock traded up $6.51 during mid-day trading on Tuesday, hitting $641.15. The company’s stock had a trading volume of 757,578 shares, compared to its average volume of 1,231,888. Intuit Inc. has a 52 week low of $400.22 and a 52 week high of $671.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day simple moving average is $636.41 and its 200-day simple moving average is $608.45. The company has a market cap of $179.52 billion, a PE ratio of 65.42, a P/E/G ratio of 3.83 and a beta of 1.22.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a net margin of 18.35% and a return on equity of 17.51%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Intuit Inc. will post 11.27 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

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.