Gulf International Bank UK Ltd Grows Stake in Intuit Inc. (INTU)

Gulf International Bank UK Ltd grew its position in Intuit Inc. (NASDAQ:INTU) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,619 shares of the software maker’s stock after acquiring an additional 1,200 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Intuit were worth $12,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Hawaii increased its holdings in shares of Intuit by 1.2% in the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock valued at $333,000 after purchasing an additional 30 shares during the last quarter. Evercore Wealth Management LLC increased its holdings in shares of Intuit by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,496 shares of the software maker’s stock valued at $198,000 after purchasing an additional 105 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Intuit by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,290 shares of the software maker’s stock valued at $1,366,000 after purchasing an additional 105 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Intuit by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 9,210 shares of the software maker’s stock valued at $1,223,000 after purchasing an additional 270 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in shares of Intuit by 3.2% in the second quarter. Flinton Capital Management LLC now owns 9,884 shares of the software maker’s stock valued at $1,313,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

INTU has been the subject of several recent research reports. William Blair initiated coverage on Intuit in a report on Tuesday, September 19th. They issued an “outperform” rating for the company. Argus initiated coverage on Intuit in a report on Wednesday, September 20th. They issued a “buy” rating and a $165.00 price target for the company. Wells Fargo & Co raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price for the company in a research note on Thursday, September 21st. UBS Group cut Intuit to an “underperform” rating in a research note on Wednesday, September 27th. Finally, Raymond James Financial cut Intuit from a “market perform” rating to an “underperform” rating in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Intuit has an average rating of “Hold” and an average target price of $157.53.

In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the completion of the transaction, the executive vice president now directly owns 3,050 shares in the company, valued at $484,767. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction on Friday, November 24th. The shares were sold at an average price of $151.46, for a total value of $27,767,767.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 965,938 shares of company stock valued at $149,469,127. Company insiders own 5.59% of the company’s stock.

Intuit Inc. (NASDAQ INTU) traded down $2.22 on Wednesday, hitting $162.29. The stock had a trading volume of 1,385,000 shares, compared to its average volume of 1,184,460. Intuit Inc. has a 1-year low of $111.90 and a 1-year high of $166.49. The stock has a market capitalization of $41,840.00, a price-to-earnings ratio of 42.93, a P/E/G ratio of 2.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same period last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. research analysts expect that Intuit Inc. will post 3.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.96%. Intuit’s dividend payout ratio is currently 41.27%.

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About Intuit

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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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