287 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by Centaurus Financial Inc.

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new stake in Intuit during the 4th quarter worth approximately $25,000. MCF Advisors LLC grew its stake in Intuit by 119.0% in the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after buying an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Intuit in the 4th quarter worth approximately $38,000. Sachetta LLC purchased a new position in Intuit in the 4th quarter worth approximately $39,000. Finally, Webster Bank N. A. purchased a new position in Intuit in the 4th quarter worth approximately $41,000. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,415 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total value of $855,480.70. Following the completion of the transaction, the chief financial officer now directly owns 2,332 shares in the company, valued at approximately $1,409,880.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Scott D. Cook sold 14,748 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $567.40, for a total value of $8,368,015.20. Following the completion of the transaction, the insider now directly owns 6,701,721 shares in the company, valued at approximately $3,802,556,495.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,415 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $855,480.70. Following the completion of the transaction, the chief financial officer now owns 2,332 shares of the company’s stock, valued at $1,409,880.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,937 shares of company stock worth $113,123,232. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on INTU. Piper Sandler boosted their price target on shares of Intuit from $750.00 to $760.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Erste Group Bank reissued a “hold” rating on shares of Intuit in a research note on Friday, June 14th. Barclays boosted their price target on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $700.00 price objective on shares of Intuit in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $679.41.

Intuit Stock Up 1.2 %

Shares of NASDAQ INTU opened at $609.68 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. Intuit Inc. has a 12 month low of $442.74 and a 12 month high of $676.62. The firm has a market capitalization of $170.44 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21. The firm has a fifty day simple moving average of $616.00 and a two-hundred day simple moving average of $625.37.

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

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a $0.90 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.59%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

Intuit 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.