Old Mutual Global Investors UK Ltd. lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 10.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,127,074 shares of the software maker’s stock after buying an additional 102,305 shares during the quarter. Intuit comprises 1.7% of Old Mutual Global Investors UK Ltd.’s holdings, making the stock its 18th biggest position. Old Mutual Global Investors UK Ltd. owned 0.44% of Intuit worth $160,202,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Janus Henderson Group PLC lifted its holdings in shares of Intuit by 612.6% during the second quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after buying an additional 2,236,974 shares in the last quarter. Koch Industries Inc. lifted its holdings in shares of Intuit by 38,665.6% during the second quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock worth $1,428,000 after buying an additional 1,434,880 shares in the last quarter. Fundsmith LLP acquired a new stake in shares of Intuit during the second quarter worth $144,464,000. Harbour Capital Advisors LLC lifted its holdings in shares of Intuit by 21,749.4% during the second quarter. Harbour Capital Advisors LLC now owns 887,304 shares of the software maker’s stock worth $6,681,000 after buying an additional 883,243 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in shares of Intuit during the second quarter worth $92,871,000. 86.17% of the stock is owned by institutional investors.
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In other news, Chairman Scott D. Cook sold 183,334 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $135.22, for a total transaction of $24,790,423.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $144.20, for a total value of $257,108.60. Following the sale, the executive vice president now owns 2,675 shares in the company, valued at $385,735. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,084,194 shares of company stock worth $151,162,540. Company insiders own 5.70% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) traded down $0.70 during trading on Monday, reaching $152.94. The company’s stock had a trading volume of 86,015 shares, compared to its average volume of 1,001,955. Intuit Inc. has a 1 year low of $103.22 and a 1 year high of $154.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $39,174.13, a PE ratio of 40.75, a PEG ratio of 2.71 and a beta of 1.18.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The company had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. research analysts forecast that Intuit Inc. will post 4.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.39 per share. This is a boost from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, October 6th. Intuit’s payout ratio is 41.94%.
A number of research firms have recently weighed in on INTU. Royal Bank Of Canada reissued a “hold” rating and set a $141.00 target price on shares of Intuit in a report on Thursday, August 24th. First Analysis raised Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target for the company in a research note on Wednesday, August 23rd. Wells Fargo & Company raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target for the company in a research note on Thursday, September 21st. Argus initiated coverage on Intuit in a research note on Wednesday, September 20th. They issued a “buy” rating and a $165.00 price target for the company. Finally, William Blair initiated coverage on Intuit in a research note on Tuesday, September 19th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Intuit has a consensus rating of “Hold” and a consensus price target of $143.42.
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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