Hantz Financial Services Inc. Purchases 902 Shares of Intuit Inc. (NASDAQ:INTU)

Hantz Financial Services Inc. raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,071 shares of the software maker’s stock after acquiring an additional 902 shares during the quarter. Hantz Financial Services Inc.’s holdings in Intuit were worth $12,464,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of INTU. LGT Financial Advisors LLC bought a new stake in Intuit during the second quarter valued at $25,000. Cultivar Capital Inc. acquired a new position in shares of Intuit during the second quarter valued at about $26,000. Fairway Wealth LLC acquired a new position in shares of Intuit during the second quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Intuit during the third quarter valued at about $27,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Intuit during the second quarter valued at about $35,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $601.31, for a total value of $466,015.25. Following the completion of the transaction, the chief financial officer now directly owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This trade represents a 14.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 2,461 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total transaction of $1,568,124.59. Following the completion of the transaction, the insider now directly owns 6,453,105 shares of the company’s stock, valued at approximately $4,111,853,974.95. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,265 shares of company stock valued at $83,336,625. Company insiders own 2.90% of the company’s stock.

Intuit Stock Down 0.4 %

Intuit stock opened at $636.17 on Friday. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The firm has a 50 day moving average price of $634.16 and a 200-day moving average price of $631.36. The company has a market capitalization of $178.15 billion, a P/E ratio of 61.76, a P/E/G ratio of 3.14 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the firm earned $1.14 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Analysts Set New Price Targets

INTU has been the topic of several research reports. Oppenheimer upped their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $760.00 price objective on shares of Intuit in a report on Friday, November 22nd. Susquehanna restated a “positive” rating and issued a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Finally, StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus 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.