First Financial Corp IN Makes New Investment in Intuit Inc. (NASDAQ:INTU)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Intuit by 10.6% in the second quarter. American Century Companies Inc. now owns 51,454 shares of the software maker’s stock valued at $33,816,000 after buying an additional 4,913 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Intuit by 69.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,864 shares of the software maker’s stock worth $1,225,000 after acquiring an additional 765 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Intuit in the 2nd quarter valued at about $1,342,000. Angeles Investment Advisors LLC raised its stake in shares of Intuit by 81.1% in the second quarter. Angeles Investment Advisors LLC now owns 710 shares of the software maker’s stock worth $467,000 after acquiring an additional 318 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Intuit by 13.0% during the second quarter. Dimensional Fund Advisors LP now owns 550,874 shares of the software maker’s stock worth $362,037,000 after purchasing an additional 63,209 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research note on Friday. Morgan Stanley upped their price target on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Jefferies Financial Group raised their price target on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus dropped their price objective on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $737.44.

Intuit Price Performance

Shares of INTU stock opened at $613.22 on Tuesday. The firm has a market capitalization of $171.65 billion, a price-to-earnings ratio of 59.54, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $649.47 and a 200-day moving average of $637.94.

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

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, January 10th. Intuit’s payout ratio is currently 40.39%.

Insider Activity

In related news, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 over the last quarter. 2.68% of the stock is currently owned by company insiders.

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.