Emerald Advisers Inc. PA decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,444 shares of the software maker’s stock after selling 334 shares during the period. Emerald Advisers Inc. PA’s holdings in Intuit were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Exane Derivatives purchased a new position in shares of Intuit during the 3rd quarter valued at approximately $105,000. Horan Capital Advisors LLC. purchased a new position in shares of Intuit during the 3rd quarter valued at approximately $114,000. Highstreet Asset Management Inc. purchased a new position in shares of Intuit during the 3rd quarter valued at approximately $159,000. BB&T Investment Services Inc. purchased a new position in shares of Intuit during the 2nd quarter valued at approximately $160,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Intuit during the 4th quarter valued at approximately $170,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
Shares of Intuit Inc. (INTU) opened at $157.06 on Friday. Intuit Inc. has a 52 week low of $114.80 and a 52 week high of $170.59. The stock has a market capitalization of $41,233.77, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.19. 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 business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.38%.
INTU has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Intuit in a research report on Thursday, November 9th. They set a “neutral” rating and a $152.00 target price on the stock. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Barclays increased their target price on Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 15th. Credit Suisse Group reissued an “outperform” rating and issued a $185.00 price objective (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Finally, Oppenheimer increased their price objective on Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $158.32.
In related news, Chairman Scott D. Cook sold 165,689 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.36, for a total transaction of $25,078,687.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was 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. Insiders sold a total of 965,938 shares of company stock valued at $149,469,127 over the last ninety days. Corporate insiders own 5.59% of the company’s stock.
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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