Crossmark Global Holdings Inc. Has $3.88 Million Position in Intuit Inc. (INTU)

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.

INTU has been the topic of several research analyst reports. Credit Suisse Group restated an “outperform” rating and set a $185.00 target price (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Morgan Stanley boosted their target price on shares of Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 21st. Jefferies Group restated a “buy” rating and set a $185.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Finally, Oppenheimer boosted their target price on shares of Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $158.32.

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%.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.com-unik.info/2018/02/10/crossmark-global-holdings-inc-has-3-88-million-position-in-intuit-inc-intu.html.

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit