Integrated Investment Consultants LLC continued to hold its stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,191 shares of the software maker’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in Intuit were worth $291,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in INTU. DAVENPORT & Co LLC increased its stake in Intuit by 2.8% in the first quarter. DAVENPORT & Co LLC now owns 244,185 shares of the software maker’s stock worth $28,167,000 after buying an additional 6,611 shares in the last quarter. Cutler Group LP increased its stake in Intuit by 104.4% in the first quarter. Cutler Group LP now owns 3,286 shares of the software maker’s stock valued at $381,000 after buying an additional 1,678 shares in the last quarter. National Pension Service increased its stake in Intuit by 2.6% in the first quarter. National Pension Service now owns 200,470 shares of the software maker’s stock valued at $23,178,000 after buying an additional 5,096 shares in the last quarter. Addenda Capital Inc. increased its stake in Intuit by 5.5% in the first quarter. Addenda Capital Inc. now owns 41,329 shares of the software maker’s stock valued at $4,793,000 after buying an additional 2,169 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Intuit by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 75,405 shares of the software maker’s stock valued at $8,746,000 after buying an additional 1,600 shares in the last quarter. 85.57% of the stock is currently owned by institutional investors.
Shares of Intuit Inc. (INTU) traded up 1.07% on Friday, reaching $136.60. The company had a trading volume of 747,234 shares. The stock has a market capitalization of $35.00 billion, a PE ratio of 39.25 and a beta of 1.15. Intuit Inc. has a 52-week low of $103.22 and a 52-week high of $143.81. The company has a 50 day moving average price of $135.14 and a 200 day moving average price of $127.61.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.03. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $3.43 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that Intuit Inc. will post $4.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, July 6th. Intuit’s payout ratio is 39.19%.
Several equities research analysts have weighed in on INTU shares. Citigroup Inc. upped their price target on Intuit from $128.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Benchmark Co. started coverage on Intuit in a report on Thursday, April 27th. They set a “buy” rating and a $140.00 price target on the stock. Deutsche Bank AG upped their price target on Intuit from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Bank of America Corporation upped their price objective on Intuit from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, Credit Suisse Group upped their price objective on Intuit from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Intuit currently has an average rating of “Buy” and a consensus price target of $135.63.
In other news, EVP Henry Tayloe Stansbury sold 3,742 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $137.92, for a total value of $516,096.64. Following the completion of the transaction, the executive vice president now directly owns 4,580 shares in the company, valued at approximately $631,673.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis D. Powell sold 16,686 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $136.82, for a total transaction of $2,282,978.52. Following the completion of the transaction, the director now owns 4,554 shares of the company’s stock, valued at $623,078.28. The disclosure for this sale can be found here. Insiders have sold a total of 151,265 shares of company stock valued at $21,085,104 in the last ninety days. 5.70% of the stock is currently owned by insiders.
Intuit Company Profile
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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