Texas Yale Capital Corp. Invests $239,000 in Intuit Inc. (NASDAQ:INTU)

Key Points

• Texas Yale Capital Corp. has acquired a new stake in Intuit Inc., purchasing 390 shares valued at around $239,000 in the first quarter.
• Insider Marianna Tessel sold over 34,000 shares of Intuit, representing a 45.71% decrease in her holdings.
• Intuit reported a quarterly revenue of $7.75 billion, exceeding analysts' expectations, with a net margin of 19.07% and a return on equity of 21.46%.

Texas Yale Capital Corp. bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 390 shares of the software maker's stock, valued at approximately $239,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Intuit by 14.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock worth $1,252,000 after purchasing an additional 248 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Intuit in the 4th quarter worth $28,000. Finally, RWA Wealth Partners LLC lifted its holdings in shares of Intuit by 12.9% in the 4th quarter. RWA Wealth Partners LLC now owns 3,795 shares of the software maker's stock worth $2,385,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 72,442 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the sale, the insider owned 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 25,648 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the sale, the executive vice president directly owned 22,796 shares of the company's stock, valued at approximately $17,148,291. This represents a 52.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,800 shares of company stock valued at $209,725,054. 2.68% of the stock is owned by insiders.

Intuit Stock Down 1.4%

Shares of INTU traded down $11.37 during mid-day trading on Friday, hitting $773.77. 754,249 shares of the company traded hands, compared to its average volume of 1,769,062. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $215.84 billion, a PE ratio of 62.82, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The business has a 50 day moving average of $765.98 and a 200 day moving average of $660.69.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the firm posted $9.88 EPS. Intuit's revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 10th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.5%. Intuit's dividend payout ratio is presently 33.77%.

Analyst Ratings Changes

INTU has been the topic of several recent analyst reports. Evercore ISI raised their price objective on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Bank of America raised their price objective on Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price objective (up from $760.00) on shares of Intuit in a research note on Friday, May 23rd. Piper Sandler restated an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group raised their price objective on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average price target of $806.27.

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.