Marshall & Sterling Wealth Advisors Inc. Invests $535,000 in Intuit Inc. (NASDAQ:INTU)

Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 852 shares of the software maker's stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. R Squared Ltd bought a new position in Intuit during the 4th quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares during the period. Heck Capital Advisors LLC bought a new position in Intuit during the fourth quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit during the fourth quarter worth about $28,000. Finally, Summit Securities Group LLC acquired a new stake in Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the transaction, the executive vice president now owns 21,882 shares of the company's stock, valued at $13,401,849.72. This represents a 27.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 over the last three months. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Performance

Shares of INTU traded up $4.32 during mid-day trading on Wednesday, hitting $627.47. The company's stock had a trading volume of 1,313,935 shares, compared to its average volume of 1,580,448. The firm has a market capitalization of $175.42 billion, a PE ratio of 60.92, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The stock's 50-day moving average is $596.32 and its two-hundred day moving average is $616.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

Several research firms have issued reports on INTU. BNP Paribas lowered shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target on the stock. in a research report on Wednesday, January 15th. Redburn Atlantic initiated coverage on shares of Intuit in a report on Wednesday, February 19th. They set a "neutral" rating for the company. Mizuho boosted their target price on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Citigroup cut their price target on Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $717.53.

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.