Carolinas Wealth Consulting LLC Has $299,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Carolinas Wealth Consulting LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 7.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 456 shares of the software maker’s stock after acquiring an additional 31 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Intuit were worth $299,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Aveo Capital Partners LLC bought a new position in Intuit during the 4th quarter worth $203,000. 9258 Wealth Management LLC raised its position in shares of Intuit by 29.0% in the 4th quarter. 9258 Wealth Management LLC now owns 650 shares of the software maker’s stock worth $406,000 after acquiring an additional 146 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Intuit by 31.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,635 shares of the software maker’s stock worth $1,022,000 after acquiring an additional 393 shares in the last quarter. Sachetta LLC bought a new position in shares of Intuit in the 4th quarter worth about $39,000. Finally, D.A. Davidson & CO. raised its position in shares of Intuit by 22.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,279 shares of the software maker’s stock worth $5,175,000 after acquiring an additional 1,498 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of NASDAQ INTU opened at $633.07 on Thursday. Intuit Inc. has a twelve month low of $473.56 and a twelve month high of $676.62. The stock’s 50 day moving average price is $636.26 and its 200-day moving average price is $631.30. The company has a market capitalization of $176.97 billion, a PE ratio of 58.40, a PEG ratio of 3.14 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. On average, equities analysts anticipate that Intuit Inc. will post 14.06 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, October 10th. This is a boost from Intuit’s previous quarterly dividend of $0.90. Intuit’s payout ratio is 38.38%.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,061 shares of Intuit stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $651.27, for a total value of $690,997.47. Following the sale, the chief financial officer now owns 3,333 shares of the company’s stock, valued at approximately $2,170,682.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Sandeep Aujla sold 1,061 shares of Intuit stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $651.27, for a total value of $690,997.47. Following the sale, the chief financial officer now owns 3,333 shares of the company’s stock, valued at approximately $2,170,682.91. 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 2,941 shares of Intuit stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the completion of the sale, the executive vice president now directly owns 20 shares in the company, valued at approximately $12,575.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,940 shares of company stock valued at $10,721,252. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Susquehanna reissued a “positive” rating and issued a $757.00 price objective on shares of Intuit in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Jefferies Financial Group raised their target price on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. BMO Capital Markets raised their target price on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus raised their target price on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $720.37.

Intuit Company 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.