Certuity LLC Boosts Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Certuity LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 862 shares of the software maker’s stock after purchasing an additional 87 shares during the quarter. Certuity LLC’s holdings in Intuit were worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Creative Planning boosted its position in Intuit by 5.6% during the 3rd quarter. Creative Planning now owns 53,552 shares of the software maker’s stock valued at $33,256,000 after acquiring an additional 2,836 shares in the last quarter. Swedbank AB boosted its position in Intuit by 3.5% during the third quarter. Swedbank AB now owns 118,266 shares of the software maker’s stock valued at $73,443,000 after purchasing an additional 4,035 shares in the last quarter. Magnus Financial Group LLC grew its stake in Intuit by 2.2% in the third quarter. Magnus Financial Group LLC now owns 1,155 shares of the software maker’s stock valued at $717,000 after purchasing an additional 25 shares during the last quarter. Regatta Capital Group LLC raised its holdings in Intuit by 1.6% in the third quarter. Regatta Capital Group LLC now owns 1,571 shares of the software maker’s stock worth $976,000 after purchasing an additional 25 shares in the last quarter. Finally, Braun Bostich & Associates Inc. lifted its position in shares of Intuit by 13.1% during the third quarter. Braun Bostich & Associates Inc. now owns 398 shares of the software maker’s stock valued at $247,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the sale, the chief financial officer now owns 1,944 shares of the company’s stock, valued at $1,221,804. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock valued at $188,992,187 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INTU shares. Morgan Stanley lifted their price objective on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 price target on shares of Intuit in a report on Friday, January 10th. Scotiabank initiated coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. BNP Paribas cut Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective for the company. in a research report on Wednesday, January 15th. Finally, Oppenheimer upped their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $726.53.

Intuit Stock Down 1.6 %

INTU stock opened at $576.54 on Thursday. The company has a market capitalization of $161.39 billion, a P/E ratio of 55.97, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The firm’s fifty day simple moving average is $624.25 and its 200-day simple moving average is $631.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were given a $1.04 dividend. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.72%. Intuit’s dividend payout ratio is presently 40.39%.

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.