Centaurus Financial Inc. bought a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) 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
Read Our Latest Stock Analysis on Intuit
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 – Get Free Report) 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.
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