Crossmark Global Holdings Inc. boosted its position in Intuit Inc. (NASDAQ:INTU) by 21.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,566 shares of the software maker’s stock after buying an additional 4,277 shares during the period. Crossmark Global Holdings Inc.’s holdings in Intuit were worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of INTU. Exane Derivatives purchased a new stake in shares of Intuit during the 3rd quarter worth $105,000. Horan Capital Advisors LLC. purchased a new stake in shares of Intuit during the 3rd quarter worth $114,000. Highstreet Asset Management Inc. purchased a new stake in shares of Intuit during the 3rd quarter worth $159,000. BB&T Investment Services Inc. purchased a new stake in shares of Intuit during the 2nd quarter worth $160,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Intuit during the 4th quarter worth $170,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total value of $326,613.30. Following the completion of the transaction, the executive vice president now owns 3,050 shares of the company’s stock, valued at approximately $461,617.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brad D. Smith sold 110,496 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.40, for a total transaction of $16,729,094.40. Following the completion of the transaction, the chief executive officer now directly owns 399,246 shares of the company’s stock, valued at approximately $60,445,844.40. The disclosure for this sale can be found here. Insiders sold a total of 965,938 shares of company stock valued at $149,469,127 in the last three months. 5.59% of the stock is currently owned by corporate insiders.
Shares of Intuit Inc. (INTU) opened at $157.06 on Friday. Intuit Inc. has a 1 year low of $114.80 and a 1 year high of $170.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The company has a market cap of $41,233.77, a PE ratio of 41.66, a P/E/G ratio of 2.90 and a beta of 1.19.
Intuit (NASDAQ:INTU) last released its quarterly earnings data 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 net margin of 18.62% and a return on equity of 77.56%. The business had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. analysts anticipate that Intuit Inc. will post 4.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.99%. The ex-dividend date was Tuesday, January 9th. Intuit’s payout ratio is 41.38%.
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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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