CNB Bank lifted its position in Intuit Inc. (NASDAQ:INTU – Get Rating) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,286 shares of the software maker’s stock after acquiring an additional 71 shares during the quarter. CNB Bank’s holdings in Intuit were worth $618,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. JNBA Financial Advisors purchased a new position in Intuit in the 4th quarter worth about $25,000. Castleview Partners LLC purchased a new position in Intuit in the 4th quarter worth about $25,000. Mascoma Wealth Management LLC increased its stake in Intuit by 3,900.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 40 shares of the software maker’s stock worth $26,000 after buying an additional 39 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in Intuit in the 4th quarter worth about $26,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in Intuit in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.
Several research analysts recently commented on the stock. Bank of America reduced their price target on shares of Intuit from $650.00 to $530.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Evercore ISI cut their target price on shares of Intuit from $720.00 to $645.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Piper Sandler cut their target price on shares of Intuit from $674.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 25th. StockNews.com started coverage on shares of Intuit in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Stifel Nicolaus cut their target price on shares of Intuit from $580.00 to $465.00 in a research report on Wednesday, May 25th. One analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.56.
Shares of NASDAQ INTU opened at $380.84 on Thursday. The firm has a market cap of $107.43 billion, a PE ratio of 43.18, a PEG ratio of 2.93 and a beta of 1.15. The firm has a fifty day moving average of $403.73 and a 200 day moving average of $491.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.63 and a current ratio of 1.63. Intuit Inc. has a one year low of $339.36 and a one year high of $716.86.
Intuit (NASDAQ:INTU – Get Rating) last released its earnings results on Tuesday, May 24th. The software maker reported $7.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.58 by $0.07. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.51 billion. Intuit had a net margin of 19.44% and a return on equity of 20.77%. The company’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.45 earnings per share. On average, equities analysts predict that Intuit Inc. will post 8.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Monday, July 11th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, July 8th. This represents a $2.72 annualized dividend and a dividend yield of 0.71%. Intuit’s dividend payout ratio is presently 30.84%.
About Intuit (Get Rating)
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 ProConnect.
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