Buck Wealth Strategies LLC Sells 1,625 Shares of Intuit Inc. (NASDAQ:INTU)

Buck Wealth Strategies LLC lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,001 shares of the software maker’s stock after selling 1,625 shares during the quarter. Intuit accounts for about 2.1% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 23rd biggest position. Buck Wealth Strategies LLC’s holdings in Intuit were worth $6,830,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC grew its position in Intuit by 19.2% in the third quarter. Aptus Capital Advisors LLC now owns 27,276 shares of the software maker’s stock valued at $16,938,000 after acquiring an additional 4,389 shares during the period. Savvy Advisors Inc. grew its holdings in shares of Intuit by 142.1% in the 3rd quarter. Savvy Advisors Inc. now owns 1,356 shares of the software maker’s stock worth $842,000 after purchasing an additional 796 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Intuit by 2.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 5,898 shares of the software maker’s stock valued at $3,663,000 after purchasing an additional 135 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in Intuit in the third quarter valued at about $710,000. Finally, First National Trust Co grew its stake in Intuit by 6.8% during the third quarter. First National Trust Co now owns 1,067 shares of the software maker’s stock worth $663,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total transaction of $466,015.25. Following the completion of the transaction, the chief financial officer now owns 4,451 shares in the company, valued at approximately $2,676,430.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Laura A. Fennell sold 30,159 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $642.36, for a total value of $19,372,935.24. Following the completion of the transaction, the executive vice president now owns 52,038 shares of the company’s stock, valued at approximately $33,427,129.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 775 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total transaction of $466,015.25. Following the transaction, the chief financial officer now owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,297 shares of company stock worth $35,220,046 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INTU shares. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Barclays decreased their target price on Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. BMO Capital Markets lifted their price target on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Bank of America increased their price objective on shares of Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $768.00 price target on shares of Intuit in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $735.71.

Intuit Stock Up 0.3 %

Shares of NASDAQ INTU opened at $699.47 on Wednesday. The firm has a 50 day moving average price of $626.88 and a 200 day moving average price of $628.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $196.05 billion, a P/E ratio of 66.93, a P/E/G ratio of 3.41 and a beta of 1.25. Intuit Inc. has a 52-week low of $523.32 and a 52-week high of $703.88.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Analysts expect that Intuit Inc. will post 14.04 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, October 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 10th. This is a boost from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio is 39.81%.

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.