Buck Wealth Strategies LLC Has $9.43 Million Position in Intuit Inc. (NASDAQ:INTU)

Buck Wealth Strategies LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,356 shares of the software maker's stock after buying an additional 1,320 shares during the quarter. Intuit accounts for about 1.7% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 25th largest position. Buck Wealth Strategies LLC's holdings in Intuit were worth $9,428,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new position in Intuit during the 4th quarter worth approximately $25,000. NewSquare Capital LLC grew its position in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new position in Intuit during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Intuit during the 4th quarter worth approximately $28,000. Finally, VSM Wealth Advisory LLC purchased a new position in Intuit during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Susquehanna reissued a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. UBS Group set a $750.00 target price on shares of Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, KeyCorp reissued an "overweight" rating and set a $850.00 target price (up previously from $770.00) on shares of Intuit in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $787.95.

Intuit Stock Up 0.8%

Shares of INTU stock traded up $6.31 on Friday, hitting $761.14. The company's stock had a trading volume of 2,631,919 shares, compared to its average volume of 1,610,069. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $773.45. The firm's fifty day moving average price is $682.89 and its 200-day moving average price is $634.33. The stock has a market capitalization of $212.32 billion, a price-to-earnings ratio of 61.78, a P/E/G ratio of 3.39 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share (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 business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business earned $9.88 EPS. Intuit's quarterly revenue was up 15.1% compared to the same quarter last year. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio is 33.77%.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 72,442 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the transaction, the insider now owns 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. The trade was a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total transaction of $1,124,597.20. The disclosure for this sale can be found here. Insiders sold a total of 279,321 shares of company stock valued at $207,988,705 in the last quarter. Insiders own 2.68% of the company's stock.

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.