Intuit Inc. (NASDAQ:INTU) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,896 shares of the software maker’s stock after buying an additional 4,184 shares during the period. Captrust Financial Advisors’ holdings in Intuit were worth $40,300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTU. LGT Financial Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at $25,000. Cultivar Capital Inc. acquired a new position in shares of Intuit during the second quarter worth $26,000. Fairway Wealth LLC purchased a new position in Intuit in the second quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in Intuit in the third quarter valued at $27,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Intuit during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on INTU. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Piper Sandler dropped their price target on shares of Intuit from $768.00 to $765.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank initiated coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $737.44.

Intuit Trading Up 0.9 %

NASDAQ:INTU opened at $641.73 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $634.10 and its 200-day simple moving average is $631.46. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The firm has a market cap of $179.71 billion, a P/E ratio of 62.30, a PEG ratio of 3.14 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. Equities analysts anticipate that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, January 9th. Intuit’s payout ratio is 40.39%.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 2,461 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total transaction of $1,568,124.59. Following the sale, the insider now owns 6,453,105 shares of the company’s stock, valued at approximately $4,111,853,974.95. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 775 shares of the stock in a transaction dated Thursday, October 3rd. The shares were 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 directly owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This trade represents a 14.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 130,265 shares of company stock valued at $83,336,625. Corporate insiders own 2.90% of the company’s stock.

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.