Captrust Financial Advisors Invests $108,000 in Intuit Inc. (INTU)
Captrust Financial Advisors purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 812 shares of the software maker’s stock, valued at approximately $108,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Guardian Life Insurance Co. of America raised its position in shares of Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after buying an additional 5 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Intuit in the second quarter valued at approximately $123,000. Johnson Financial Group Inc. raised its position in shares of Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock valued at $126,000 after buying an additional 59 shares in the last quarter. Lincoln National Corp acquired a new stake in shares of Intuit in the first quarter valued at approximately $205,000. Finally, Pax World Management LLC acquired a new stake in shares of Intuit in the first quarter valued at approximately $205,000. Institutional investors own 86.05% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) opened at 142.13 on Friday. The company has a market capitalization of $36.24 billion, a PE ratio of 38.21 and a beta of 1.15. The company has a 50-day moving average of $138.38 and a 200-day moving average of $131.17. Intuit Inc. has a 52 week low of $103.22 and a 52 week high of $143.81.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $808.82 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. On average, equities research analysts anticipate that Intuit Inc. will post $4.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.10%. This is a boost from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio (DPR) is 36.56%.
In other news, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $142.31, for a total transaction of $265,835.08. Following the sale, the vice president now owns 1,713 shares in the company, valued at approximately $243,777.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Neil Williams sold 184,585 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the sale, the chief financial officer now owns 64,620 shares in the company, valued at approximately $9,118,528.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 888,585 shares of company stock worth $122,643,706. Corporate insiders own 5.70% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Intuit in a research report on Thursday, September 7th. They issued a “buy” rating and a $150.00 price target for the company. Citigroup Inc. downgraded shares of Intuit from a “buy” rating to a “neutral” rating and dropped their price target for the company from $148.00 to $141.00 in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Intuit from a “sell” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Monday, May 29th. Barclays PLC reiterated an “equal weight” rating on shares of Intuit in a research report on Sunday, May 28th. Finally, CIBC lifted their price target on shares of Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Intuit has a consensus rating of “Buy” and an average target price of $140.24.
Intuit Company Profile
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
Receive News & Stock Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related stocks with our FREE daily email newsletter.