Strs Ohio boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,467 shares of the software maker’s stock after acquiring an additional 22,825 shares during the period. Strs Ohio owned about 0.19% of Intuit worth $74,703,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Exane Derivatives purchased a new stake in Intuit in the 3rd quarter valued at $105,000. Horan Capital Advisors LLC. acquired a new position in Intuit in the 3rd quarter valued at $114,000. ETF Managers Group LLC acquired a new position in shares of Intuit during the 2nd quarter worth $140,000. Highstreet Asset Management Inc. acquired a new position in shares of Intuit during the 3rd quarter worth $159,000. Finally, BB&T Investment Services Inc. acquired a new position in shares of Intuit during the 2nd quarter worth $160,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
In other Intuit news, CEO Brad D. Smith sold 110,496 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total value of $16,729,094.40. Following the sale, the chief executive officer now directly owns 399,246 shares in the company, valued at $60,445,844.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of Intuit stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total transaction of $326,613.30. Following the sale, the executive vice president now owns 3,050 shares in the company, valued at $461,617.50. The disclosure for this sale can be found here. Insiders have sold 965,938 shares of company stock worth $149,469,127 over the last 90 days. 5.59% of the stock is currently owned by company insiders.
Shares of Intuit Inc. (INTU) opened at $163.90 on Thursday. Intuit Inc. has a 1 year low of $114.80 and a 1 year high of $170.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $41,900.00, a P/E ratio of 43.36, a PEG ratio of 2.80 and a beta of 1.19.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. research analysts expect that Intuit Inc. will post 4.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.27%.
A number of equities analysts have recently weighed in on the stock. Deutsche Bank upped their target price on shares of Intuit from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday. Barclays upped their target price on shares of Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a report on Tuesday. Oppenheimer increased their price objective on shares of Intuit from $166.00 to $181.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Stifel Nicolaus reiterated a “hold” rating and set a $148.00 price objective on shares of Intuit in a report on Tuesday, November 21st. Finally, UBS Group increased their price objective on shares of Intuit from $152.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $159.42.
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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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