Wolf Group Capital Advisors Invests $225,000 in Intuit Inc. (NASDAQ:INTU)

Wolf Group Capital Advisors acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 1st quarter, HoldingsChannel reports. The fund acquired 367 shares of the software maker’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Copia Wealth Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. NewSquare Capital LLC boosted its position in shares of Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after acquiring an additional 18 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Intuit during the 4th quarter worth about $35,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $820.00 target price (up from $714.00) on shares of Intuit in a research report on Friday, May 23rd. Bank of America upped their target price on Intuit from $730.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Morgan Stanley reissued an “overweight” rating and issued a $785.00 target price (up from $720.00) on shares of Intuit in a research report on Friday, May 23rd. Susquehanna reissued a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $825.00 target price (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $787.95.

Intuit Stock Down 1.3%

INTU opened at $754.83 on Thursday. The business has a 50 day moving average price of $675.86 and a two-hundred day moving average price of $632.87. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a market cap of $210.56 billion, a PE ratio of 61.27, a P/E/G ratio of 3.40 and a beta of 1.28. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $773.45.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.89 by $0.76. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $9.88 EPS. As a group, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, July 10th. Intuit’s dividend payout ratio (DPR) is 33.77%.

Insider Transactions at Intuit

In other news, EVP Marianna Tessel sold 7,385 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now directly owns 40,190 shares of the company’s stock, valued at approximately $24,119,224.70. This represents a 15.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 72,442 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total value of $53,700,530.18. Following the transaction, the insider now directly owns 6,063,495 shares of the company’s stock, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 286,706 shares of company stock valued at $212,420,665. Corporate insiders own 2.68% of the company’s stock.

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.