Catalina Capital Group LLC Makes New $502,000 Investment in Intuit Inc. (NASDAQ:INTU)

Catalina Capital Group LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 772 shares of the software maker’s stock, valued at approximately $502,000.

Other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new stake in shares of Intuit in the fourth quarter valued at approximately $25,000. West Branch Capital LLC raised its stake in shares of Intuit by 79.2% in the first quarter. West Branch Capital LLC now owns 43 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Intuit in the fourth quarter valued at $38,000. Finally, Sachetta LLC acquired a new position in shares of Intuit in the fourth quarter valued at $39,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total value of $44,838,750.00. Following the completion of the sale, the insider now directly owns 6,791,469 shares in the company, valued at approximately $4,060,279,741.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Sandeep Aujla sold 1,415 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $855,480.70. Following the completion of the transaction, the chief financial officer now owns 2,332 shares of the company’s stock, valued at approximately $1,409,880.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total value of $44,838,750.00. Following the transaction, the insider now directly owns 6,791,469 shares of the company’s stock, valued at approximately $4,060,279,741.65. The disclosure for this sale can be found here. Insiders sold 195,963 shares of company stock worth $114,442,445 in the last ninety days. 2.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INTU. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Jefferies Financial Group reiterated a “buy” rating and set a $770.00 price objective on shares of Intuit in a research note on Thursday, June 13th. Royal Bank of Canada began coverage on Intuit in a research note on Wednesday, July 3rd. They set an “outperform” rating and a $760.00 price objective for the company. Stifel Nicolaus decreased their target price on Intuit from $720.00 to $690.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, Susquehanna decreased their target price on Intuit from $775.00 to $757.00 and set a “positive” rating on the stock in a report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $687.22.

Intuit Stock Down 2.7 %

Shares of NASDAQ:INTU traded down $17.58 during trading on Wednesday, hitting $632.84. 1,960,419 shares of the company were exchanged, compared to its average volume of 1,343,329. The stock has a market cap of $176.91 billion, a price-to-earnings ratio of 58.38, a P/E/G ratio of 3.77 and a beta of 1.23. Intuit Inc. has a fifty-two week low of $455.56 and a fifty-two week high of $676.62. The firm has a fifty day moving average price of $622.66 and a two-hundred day moving average price of $630.36. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, May 23rd. The software maker reported $9.88 EPS for the quarter, topping the consensus estimate of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the company posted $7.80 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Intuit Inc. will post 11.72 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.57%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

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.