Daiwa SB Investments Ltd. boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 65.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,370 shares of the software maker’s stock after acquiring an additional 1,730 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Intuit were worth $689,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Exane Derivatives bought a new position in shares of Intuit during the third quarter valued at approximately $105,000. Captrust Financial Advisors purchased a new stake in shares of Intuit in the second quarter valued at approximately $108,000. Horan Capital Advisors LLC. purchased a new stake in shares of Intuit in the third quarter valued at approximately $114,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Intuit in the second quarter valued at approximately $140,000. Finally, ETF Managers Group LLC purchased a new stake in shares of Intuit in the second quarter valued at approximately $140,000. 86.15% of the stock is currently owned by institutional investors.
Shares of Intuit Inc. (NASDAQ:INTU) traded down $2.23 during midday trading on Friday, hitting $163.42. 1,256,601 shares of the stock were exchanged, compared to its average volume of 1,070,000. The firm has a market cap of $41,780.00, a P/E ratio of 43.23, a P/E/G ratio of 2.94 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. Intuit Inc. has a fifty-two week low of $111.90 and a fifty-two week high of $170.59.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. equities research analysts forecast that Intuit Inc. will post 4.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were issued a $0.39 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.56 annualized dividend and a yield of 0.95%. Intuit’s dividend payout ratio (DPR) is presently 41.27%.
In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $158.94, for a total value of $342,992.52. Following the completion of the sale, the executive vice president now owns 3,050 shares in the company, valued at approximately $484,767. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brad D. Smith sold 110,496 shares of the firm’s stock in a transaction that occurred on 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 quarter. 5.59% of the stock is owned by insiders.
A number of research firms have weighed in on INTU. Oppenheimer upped their target price on Intuit from $166.00 to $181.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Citigroup restated a “hold” rating and set a $170.00 target price (up previously from $157.00) on shares of Intuit in a report on Monday, January 29th. Zacks Investment Research raised Intuit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $148.00 price target on shares of Intuit in a research report on Tuesday, November 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 price target (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. Intuit has an average rating of “Hold” and an average price target of $158.32.
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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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