Centaurus Financial Inc. Takes Position in Intuit Inc. (NASDAQ:INTU)

Centaurus Financial Inc. bought a new stake in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 287 shares of the software maker’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Desjardins Global Asset Management Inc. raised its holdings in shares of Intuit by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,181 shares of the software maker’s stock valued at $738,000 after purchasing an additional 16 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Intuit by 1.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,564 shares of the software maker’s stock valued at $978,000 after purchasing an additional 16 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Intuit by 3.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 449 shares of the software maker’s stock valued at $281,000 after purchasing an additional 16 shares during the period. GAM Holding AG raised its holdings in Intuit by 0.3% in the 4th quarter. GAM Holding AG now owns 5,873 shares of the software maker’s stock valued at $3,671,000 after acquiring an additional 17 shares during the period. Finally, Janiczek Wealth Management LLC raised its holdings in Intuit by 2.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 716 shares of the software maker’s stock valued at $448,000 after acquiring an additional 17 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Scott D. Cook sold 27,309 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the completion of the transaction, the insider now owns 6,524,412 shares of the company’s stock, valued at $3,870,020,221.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark P. Notarainni sold 465 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $281,129.70. Following the completion of the transaction, the executive vice president now owns 869 shares of the company’s stock, valued at $525,380.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $593.16, for a total transaction of $16,198,606.44. Following the transaction, the insider now directly owns 6,524,412 shares of the company’s stock, valued at approximately $3,870,020,221.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,937 shares of company stock valued at $113,123,232. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $700.00 price target on shares of Intuit in a report on Tuesday, March 26th. Oppenheimer increased their price target on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Mizuho increased their price target on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Finally, UBS Group increased their price target on shares of Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a report on Monday, May 20th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $679.41.

Intuit Stock Performance

Shares of Intuit stock opened at $609.68 on Wednesday. Intuit Inc. has a fifty-two week low of $442.74 and a fifty-two week high of $676.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $170.44 billion, a P/E ratio of 56.24, a P/E/G ratio of 3.41 and a beta of 1.21. The company’s 50 day moving average price is $616.00 and its two-hundred day moving average price is $625.37.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the business posted $7.80 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Intuit Inc. will post 11.72 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, July 10th. Intuit’s payout ratio is currently 33.21%.

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.