Security Financial Services INC. Has $278,000 Holdings in Intuit Inc. (NASDAQ:INTU)

Security Financial Services INC. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 427 shares of the software maker’s stock after buying an additional 40 shares during the period. Security Financial Services INC.’s holdings in Intuit were worth $278,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Intuit by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,331,318 shares of the software maker’s stock valued at $12,942,784,000 after acquiring an additional 117,478 shares in the last quarter. Morgan Stanley lifted its position in Intuit by 3.7% in the 3rd quarter. Morgan Stanley now owns 3,848,401 shares of the software maker’s stock valued at $1,966,304,000 after acquiring an additional 137,198 shares in the last quarter. Wellington Management Group LLP increased its stake in Intuit by 173.0% in the 4th quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker’s stock valued at $2,304,850,000 after buying an additional 2,336,654 shares during the last quarter. Brown Advisory Inc. increased its stake in Intuit by 2.3% in the 4th quarter. Brown Advisory Inc. now owns 3,548,119 shares of the software maker’s stock valued at $2,217,681,000 after buying an additional 80,517 shares during the last quarter. Finally, Norges Bank purchased a new stake in Intuit in the 4th quarter valued at about $2,101,848,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 27,309 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $593.16, for a total value of $16,198,606.44. Following the transaction, the insider now owns 6,524,412 shares of the company’s stock, valued at approximately $3,870,020,221.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark P. Notarainni sold 465 shares of Intuit stock in a transaction dated 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 sale, the executive vice president now owns 869 shares in the company, valued at approximately $525,380.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 27,309 shares of Intuit stock in a transaction dated 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 sale, the insider now 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. In the last quarter, insiders sold 193,937 shares of company stock worth $113,123,232. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTU. KeyCorp raised their price target on shares of Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. BMO Capital Markets restated an “outperform” rating and set a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. Piper Sandler lifted their price objective on shares of Intuit from $750.00 to $760.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. UBS Group lifted their price objective on shares of Intuit from $625.00 to $670.00 and gave the company a “neutral” rating in a research note on Monday, May 20th. Finally, Morgan Stanley lifted their price objective on shares of Intuit from $680.00 to $740.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $679.41.

Intuit Price Performance

INTU stock traded down $9.09 during trading on Monday, hitting $623.06. 124,749 shares of the company’s stock traded hands, compared to its average volume of 1,336,327. The business has a fifty day simple moving average of $615.61 and a 200 day simple moving average of $626.42. The stock has a market capitalization of $174.18 billion, a price-to-earnings ratio of 58.32, a P/E/G ratio of 3.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50. Intuit Inc. has a 52 week low of $444.19 and a 52 week high of $676.62.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.12 by $1.76. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $7.80 EPS. As a group, research analysts expect that Intuit Inc. will post 11.72 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 annualized dividend and a dividend yield of 0.58%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

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.