OneAscent Financial Services LLC Acquires 469 Shares of Intuit Inc. (NASDAQ:INTU)

OneAscent Financial Services LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 99.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942 shares of the software maker's stock after buying an additional 469 shares during the quarter. OneAscent Financial Services LLC's holdings in Intuit were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the period. Bank Pictet & Cie Europe AG boosted its position in Intuit by 14.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after buying an additional 248 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Intuit by 1.7% during the fourth quarter. American Century Companies Inc. now owns 50,534 shares of the software maker's stock valued at $31,761,000 after acquiring an additional 845 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Intuit by 4.4% in the fourth quarter. LPL Financial LLC now owns 203,766 shares of the software maker's stock worth $127,887,000 after acquiring an additional 8,591 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. BMO Capital Markets set a $870.00 price target on Intuit and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Evercore ISI upped their price objective on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Barclays reiterated an "overweight" rating and issued a $815.00 price target (up previously from $775.00) 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-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $800.55.

Intuit Stock Up 1.5%

INTU opened at $763.69 on Tuesday. The business has a 50 day moving average price of $743.99 and a 200 day moving average price of $650.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $213.03 billion, a P/E ratio of 61.99, a price-to-earnings-growth ratio of 3.34 and a beta of 1.27. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $790.60.

Intuit (NASDAQ:INTU - Get Free Report) last posted 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 return on equity of 21.46% and a net margin of 19.07%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the company earned $9.88 earnings per share. The business's quarterly revenue was up 15.1% on a year-over-year basis. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 10th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock worth $209,725,054 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.

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