SYM FINANCIAL Corp Takes Position in Intuit Inc. (NASDAQ:INTU)

SYM FINANCIAL Corp acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,717 shares of the software maker's stock, valued at approximately $1,079,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. increased its position in Intuit by 2.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,038 shares of the software maker's stock worth $5,052,000 after purchasing an additional 195 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of Intuit by 14.4% during the fourth quarter. Independence Bank of Kentucky now owns 175 shares of the software maker's stock worth $110,000 after buying an additional 22 shares in the last quarter. Dohj LLC increased its holdings in shares of Intuit by 7.0% during the fourth quarter. Dohj LLC now owns 3,993 shares of the software maker's stock worth $2,510,000 after buying an additional 261 shares in the last quarter. Marietta Wealth Management LLC lifted its stake in shares of Intuit by 2.2% in the 4th quarter. Marietta Wealth Management LLC now owns 11,957 shares of the software maker's stock valued at $7,515,000 after acquiring an additional 263 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in shares of Intuit by 30.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 5,943 shares of the software maker's stock valued at $3,735,000 after acquiring an additional 1,392 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INTU shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Piper Sandler reiterated an "overweight" rating and issued a $765.00 price objective on shares of Intuit in a report on Friday, January 10th. Scotiabank initiated coverage on shares of Intuit in a report on Monday, November 18th. They set a "sector perform" rating and a $700.00 target price on the stock. BNP Paribas downgraded shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price target on shares of Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $726.53.

Intuit Stock Down 0.5 %

Intuit stock opened at $601.51 on Friday. The company has a market capitalization of $168.37 billion, a PE ratio of 58.40, a PEG ratio of 2.92 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 firm's fifty day moving average is $630.95 and its 200 day moving average is $633.66. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.69%. Intuit's payout ratio is 40.39%.

Insider Activity

In other news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 over the last three months. 2.68% of the stock is currently owned by 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.

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