AtonRa Partners Has $606,000 Holdings in Intuit Inc. (NASDAQ:INTU)

AtonRa Partners decreased its stake in Intuit Inc. (NASDAQ:INTU) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 970 shares of the software maker’s stock after selling 315 shares during the period. Intuit comprises about 1.2% of AtonRa Partners’ holdings, making the stock its 23rd largest holding. AtonRa Partners’ holdings in Intuit were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parnassus Investments LLC raised its holdings in Intuit by 42,268.5% in the 3rd quarter. Parnassus Investments LLC now owns 610,954 shares of the software maker’s stock valued at $312,161,000 after buying an additional 609,512 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Intuit by 61.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,350,929 shares of the software maker’s stock valued at $690,244,000 after buying an additional 514,259 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Intuit by 60,534.9% in the fourth quarter. International Assets Investment Management LLC now owns 472,952 shares of the software maker’s stock valued at $295,609,000 after acquiring an additional 472,172 shares during the last quarter. FMR LLC increased its position in Intuit by 5.0% during the 3rd quarter. FMR LLC now owns 5,636,635 shares of the software maker’s stock valued at $2,879,982,000 after purchasing an additional 266,803 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in Intuit by 56.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 617,821 shares of the software maker’s stock worth $315,669,000 after purchasing an additional 222,317 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.3 %

INTU traded up $1.84 during midday trading on Monday, reaching $638.39. 886,453 shares of the company were exchanged, compared to its average volume of 1,245,412. The company has a market cap of $178.75 billion, a price-to-earnings ratio of 65.72, a price-to-earnings-growth ratio of 3.88 and a beta of 1.21. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. The company’s fifty day moving average price is $640.26 and its 200 day moving average price is $603.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Intuit’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s payout ratio is currently 36.73%.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intuit news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. KeyCorp increased their price target on Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price objective on Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Piper Sandler raised their target price on Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, Mizuho lifted their target price on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $650.23.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.