First Financial Corp IN Invests $72,000 in Intuit Inc. (NASDAQ:INTU)

First Financial Corp IN purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 114 shares of the software maker’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Fairway Wealth LLC acquired a new stake in shares of Intuit during the second quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intuit during the 3rd quarter valued at $27,000. Denver PWM LLC purchased a new position in shares of Intuit during the 3rd quarter valued at $32,000. Dunhill Financial LLC increased its stake in shares of Intuit by 110.3% in the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock worth $38,000 after acquiring an additional 32 shares during the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock worth $47,000 after acquiring an additional 720 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research report on Friday. Barclays dropped their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group lifted their target price on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $737.44.

Insider Activity

In other news, CEO Sasan K. Goodarzi sold 26,562 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the sale, the chief executive officer now directly owns 37,869 shares in the company, valued at approximately $23,701,828.41. This represents a 41.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the transaction, the insider now owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 293,014 shares of company stock worth $188,992,187. Company insiders own 2.68% of the company’s stock.

Intuit Trading Down 1.6 %

Shares of Intuit stock opened at $613.22 on Tuesday. The company has a market cap of $171.65 billion, a price-to-earnings ratio of 59.54, a PEG ratio of 3.24 and a beta of 1.25. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company’s fifty day simple moving average is $649.47 and its 200-day simple moving average is $637.94. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts expect that Intuit Inc. will post 14.07 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, January 10th. Intuit’s payout ratio is presently 40.39%.

Intuit Company 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.