Physician Wealth Advisors Inc. Invests $203,000 in Intuit Inc. (NASDAQ:INTU)

Physician Wealth Advisors Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 323 shares of the software maker’s stock, valued at approximately $203,000.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC lifted its stake in shares of 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 acquiring an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Intuit during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Intuit during the 4th quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit in the 4th quarter valued at $28,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Performance

Shares of Intuit stock opened at $598.92 on Monday. The company has a market capitalization of $167.44 billion, a PE ratio of 58.15, a P/E/G ratio of 2.85 and a beta of 1.27. The company has a 50-day simple moving average of $595.90 and a two-hundred day simple moving average of $622.23. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 75,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the sale, the chief executive officer now owns 35,776 shares in the company, valued at approximately $22,542,457.60. The trade was a 67.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the transaction, the executive vice president now directly owns 21,882 shares of the company’s stock, valued at $13,401,849.72. The trade was a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,896 shares of company stock valued at $82,946,716 over the last 90 days. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INTU shares. Mizuho lifted their target price on Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Redburn Atlantic assumed coverage on shares of Intuit in a report on Wednesday, February 19th. They set a “neutral” rating for the company. StockNews.com cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. Finally, Morgan Stanley raised 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, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $721.61.

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.