Investec Asset Management PTY Ltd maintained its stake in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, Holdings Channel reports. The firm owned 2,419 shares of the company’s stock at the end of the fourth quarter. Investec Asset Management PTY Ltd’s holdings in Intuit were worth $277,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in INTU. MSI Financial Services Inc increased its stake in Intuit by 1.0% in the third quarter. MSI Financial Services Inc now owns 1,385 shares of the company’s stock valued at $152,000 after buying an additional 14 shares during the period. Alpha Windward LLC increased its stake in shares of Intuit by 1.3% in the third quarter. Alpha Windward LLC now owns 1,582 shares of the company’s stock worth $174,000 after buying an additional 20 shares during the last quarter. Bank of Hawaii increased its stake in shares of Intuit by 0.7% in the third quarter. Bank of Hawaii now owns 2,764 shares of the company’s stock worth $304,000 after buying an additional 20 shares during the last quarter. First Midwest Bank Trust Division increased its stake in shares of Intuit by 0.5% in the third quarter. First Midwest Bank Trust Division now owns 5,298 shares of the company’s stock worth $583,000 after buying an additional 25 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Intuit by 1.7% in the third quarter. King Luther Capital Management Corp now owns 2,161 shares of the company’s stock worth $238,000 after buying an additional 36 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Intuit Inc. (NASDAQ:INTU) traded up 0.01% on Friday, reaching $119.25. 259,299 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $117.20 and a 200 day moving average price of $112.85. Intuit Inc. has a one year low of $94.10 and a one year high of $120.55. The firm has a market cap of $30.60 billion, a PE ratio of 31.90 and a beta of 1.06.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business earned $778 million during the quarter, compared to the consensus estimate of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Analysts expect that Intuit Inc. will post $4.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 10th were given a dividend of $0.34 per share. The ex-dividend date was Friday, January 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.14%. Intuit’s payout ratio is currently 36.27%.
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A number of equities research analysts have recently issued reports on INTU shares. Evercore ISI started coverage on shares of Intuit in a report on Wednesday, November 16th. They issued a “hold” rating on the stock. J P Morgan Chase & Co reissued a “hold” rating and issued a $114.00 price target on shares of Intuit in a report on Thursday, November 17th. Deutsche Bank AG reissued a “buy” rating and issued a $130.00 price target on shares of Intuit in a report on Friday, November 18th. Zacks Investment Research downgraded shares of Intuit from a “hold” rating to a “sell” rating in a report on Thursday, November 24th. Finally, Brean Capital reissued a “buy” rating and issued a $135.00 price target on shares of Intuit in a report on Wednesday, December 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Intuit currently has an average rating of “Hold” and an average target price of $201.50.
In other news, VP Mark J. Flournoy sold 1,892 shares of Intuit stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $115.47, for a total transaction of $218,469.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 26,189 shares of Intuit stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $115.59, for a total value of $3,027,186.51. Following the transaction, the executive vice president now directly owns 26,859 shares in the company, valued at $3,104,631.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,694 shares of company stock worth $3,896,876. Insiders own 5.70% of the company’s stock.
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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