Congress Wealth Management LLC DE Purchases 584 Shares of Intuit Inc. (NASDAQ:INTU)

Congress Wealth Management LLC DE grew its position in Intuit Inc. (NASDAQ:INTU) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,207 shares of the software maker’s stock after acquiring an additional 584 shares during the period. Congress Wealth Management LLC DE’s holdings in Intuit were worth $18,986,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of INTU. Vanguard Group Inc. boosted its stake in shares of Intuit by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker’s stock valued at $16,991,696,000 after purchasing an additional 353,185 shares during the last quarter. LPL Financial LLC lifted its position in shares of Intuit by 4.4% during the 4th quarter. LPL Financial LLC now owns 203,766 shares of the software maker’s stock valued at $127,887,000 after acquiring an additional 8,591 shares during the period. Blueprint Investment Partners LLC lifted its position in shares of Intuit by 112.0% during the 4th quarter. Blueprint Investment Partners LLC now owns 1,270 shares of the software maker’s stock valued at $798,000 after acquiring an additional 671 shares during the period. Guardian Partners Inc. acquired a new position in Intuit during the fourth quarter worth $2,961,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Intuit during the fourth quarter worth $69,364,000. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company’s stock, valued at approximately $4,800. The trade was a 99.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Laura A. Fennell sold 4,788 shares of Intuit stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total value of $2,938,012.56. Following the sale, the executive vice president now directly owns 30,010 shares in the company, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,348 shares of company stock valued at $73,515,245 over the last ninety days. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

INTU has been the subject of several analyst reports. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. BMO Capital Markets cut their target price on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Mizuho increased their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Scotiabank cut their price objective on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Finally, Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $721.61.

Intuit Stock Up 0.6 %

Shares of NASDAQ:INTU opened at $604.04 on Monday. The stock’s 50-day moving average price is $596.08 and its 200-day moving average price is $622.80. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. The stock has a market capitalization of $168.87 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

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

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.