Parametric Portfolio Associates LLC boosted its stake in Intuit Inc. (NASDAQ:INTU) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,098,518 shares of the software maker’s stock after purchasing an additional 17,854 shares during the period. Parametric Portfolio Associates LLC owned about 0.43% of Intuit worth $156,143,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Exane Derivatives bought a new stake in Intuit during the third quarter valued at $105,000. Horan Capital Advisors LLC. bought a new stake in Intuit during the third quarter valued at $114,000. Captrust Financial Advisors bought a new stake in Intuit during the second quarter valued at $108,000. Harvest Fund Management Co. Ltd bought a new stake in Intuit during the second quarter valued at $140,000. Finally, ETF Managers Group LLC bought a new stake in Intuit during the second quarter valued at $140,000. Institutional investors and hedge funds own 86.28% of the company’s stock.
In other Intuit news, insider Scott D. Cook sold 183,333 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $145.19, for a total value of $26,618,118.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the completion of the transaction, the executive vice president now directly owns 2,675 shares of the company’s stock, valued at $385,735. The disclosure for this sale can be found here. Over the last three months, insiders sold 879,480 shares of company stock valued at $132,586,537. Insiders own 5.59% of the company’s stock.
Intuit Inc. (NASDAQ INTU) opened at $156.19 on Friday. Intuit Inc. has a one year low of $111.90 and a one year high of $158.90. The firm has a market cap of $39,930.00, a P/E ratio of 41.67, a P/E/G ratio of 2.81 and a beta of 1.18. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $855.74 million. During the same period in the previous year, the business earned $0.06 EPS. Intuit’s revenue was up 13.9% compared to the same quarter last year. equities analysts predict that Intuit Inc. will post 3.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, January 9th. Intuit’s payout ratio is 41.27%.
A number of equities analysts have recently issued reports on INTU shares. Citigroup increased their price objective on shares of Intuit to $170.00 in a research report on Tuesday, November 21st. Argus initiated coverage on shares of Intuit in a research report on Wednesday, September 20th. They set a “buy” rating and a $165.00 price objective on the stock. Moffett Nathanson initiated coverage on shares of Intuit in a research report on Thursday, September 7th. They issued a “buy” rating and a $150.00 price target on the stock. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, August 28th. Finally, Jefferies Group initiated coverage on shares of Intuit in a research report on Thursday, August 24th. They issued a “buy” rating and a $157.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $152.89.
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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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