WT Wealth Management Acquires 93 Shares of Intuit Inc. (NASDAQ:INTU)

WT Wealth Management boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,626 shares of the software maker’s stock after acquiring an additional 93 shares during the quarter. WT Wealth Management’s holdings in Intuit were worth $2,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. grew its stake in Intuit by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 110,505 shares of the software maker’s stock worth $69,452,000 after buying an additional 2,200 shares during the last quarter. Harfst & Associates Inc. grew its stake in Intuit by 0.8% during the fourth quarter. Harfst & Associates Inc. now owns 4,475 shares of the software maker’s stock worth $2,813,000 after buying an additional 34 shares during the last quarter. SRN Advisors LLC grew its stake in Intuit by 11.1% during the fourth quarter. SRN Advisors LLC now owns 1,547 shares of the software maker’s stock worth $972,000 after buying an additional 155 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Intuit during the fourth quarter worth about $62,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Intuit by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,032 shares of the software maker’s stock worth $15,104,000 after buying an additional 151 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $625.51 on Thursday. The company has a market capitalization of $175.09 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $607.22 and a 200 day simple moving average of $627.53. Intuit Inc. has a 52 week low of $553.24 and a 52 week high of $714.78.

Analysts Set New Price Targets

Several analysts have weighed in on INTU shares. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Stifel Nicolaus reduced their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $723.76.

Insider Buying and Selling

In other Intuit news, EVP Mark P. Notarainni sold 3,649 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $646.68, for a total value of $2,359,735.32. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at $12,286.92. The trade was a 99.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Laura A. Fennell sold 7,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the completion of the sale, the executive vice president now directly owns 33,916 shares of the company’s stock, valued at $22,304,518.24. This represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,014 shares of company stock valued at $140,855,687. Company insiders own 2.68% of the company’s stock.

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.