Avantra Family Wealth Inc. Has $467,000 Position in Intuit Inc. (NASDAQ:INTU)

Avantra Family Wealth Inc. lowered its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 35.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 761 shares of the software maker's stock after selling 422 shares during the quarter. Avantra Family Wealth Inc.'s holdings in Intuit were worth $467,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INTU. Copia Wealth Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. NewSquare Capital LLC lifted its stake in 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 acquiring an additional 18 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Intuit during the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the 4th quarter worth about $28,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Intuit during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, EVP Alex G. Balazs sold 1,459 shares of Intuit stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kerry J. Mclean sold 16,700 shares of Intuit stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $729.16, for a total transaction of $12,176,972.00. Following the sale, the executive vice president now directly owns 23,101 shares in the company, valued at $16,844,325.16. This trade represents a 41.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,321 shares of company stock valued at $207,988,705. 2.68% of the stock is owned by insiders.

Intuit Price Performance

INTU stock opened at $761.14 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The firm has a market cap of $212.32 billion, a P/E ratio of 61.78, a P/E/G ratio of 3.39 and a beta of 1.28. The company's 50-day moving average price is $682.89 and its two-hundred day moving average price is $634.43.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the firm earned $9.88 EPS. The business's quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. BMO Capital Markets restated an "outperform" rating and set a $820.00 target price (up previously from $714.00) on shares of Intuit in a research note on Friday, May 23rd. HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price for the company in a research note on Wednesday, April 23rd. Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. Evercore ISI raised their target price on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $787.95.

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.

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