GenTrust LLC Purchases New Holdings in Intuit Inc. (NASDAQ:INTU)

GenTrust LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, Holdings Channel reports. The firm bought 706 shares of the software maker’s stock, valued at approximately $438,000.

Other large investors have also modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in Intuit in the 2nd quarter valued at $25,000. Cultivar Capital Inc. purchased a new position in Intuit during the second quarter worth about $26,000. Fairway Wealth LLC acquired a new stake in Intuit in the second quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in Intuit in the 3rd quarter valued at approximately $27,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Intuit in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 2,941 shares of Intuit stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $628.76, for a total value of $1,849,183.16. Following the completion of the sale, the executive vice president now directly owns 20 shares of the company’s stock, valued at approximately $12,575.20. The trade was a 99.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 4,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $617.28, for a total value of $2,469,120.00. Following the transaction, the chief financial officer now directly owns 452 shares in the company, valued at approximately $279,010.56. This represents a 89.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,297 shares of company stock worth $35,220,046 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Intuit stock opened at $640.12 on Friday. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The company has a market capitalization of $179.31 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 3.32 and a beta of 1.25. The stock has a fifty day moving average of $634.81 and a two-hundred day moving average of $631.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.28% and a net margin of 17.59%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Intuit Inc. will post 14.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of analyst reports. Oppenheimer raised their price target on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler cut their price objective on Intuit from $768.00 to $765.00 and set an “overweight” rating for the company in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $760.00 target price on shares of Intuit in a research report on Friday. Morgan Stanley increased their price target on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Scotiabank assumed coverage on shares of Intuit in a report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $737.44.

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.