Rhumbline Advisers grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,251 shares of the software maker’s stock after buying an additional 6,344 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Intuit worth $67,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Exane Derivatives acquired a new stake in Intuit in the 3rd quarter worth approximately $105,000. Horan Capital Advisors LLC. acquired a new stake in Intuit in the 3rd quarter worth approximately $114,000. Highstreet Asset Management Inc. acquired a new stake in Intuit in the 3rd quarter worth approximately $159,000. SeaCrest Wealth Management LLC acquired a new stake in Intuit in the 4th quarter worth approximately $170,000. Finally, Americafirst Capital Management LLC acquired a new stake in Intuit in the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Several equities research analysts recently weighed in on INTU shares. Royal Bank of Canada boosted their target price on Intuit from $141.00 to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, November 16th. Citigroup boosted their target price on Intuit to $170.00 in a report on Tuesday, November 21st. Oppenheimer boosted their target price on Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. JPMorgan Chase & Co. boosted their target price on Intuit to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $159.42.
Intuit Inc. (INTU) opened at $171.69 on Friday. Intuit Inc. has a 1-year low of $114.80 and a 1-year high of $173.00. The company has a market capitalization of $43,284.09, a P/E ratio of 45.54, a PEG ratio of 2.87 and a beta of 1.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35.
Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The company 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 company earned $0.06 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. equities research analysts anticipate that Intuit Inc. will post 4.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.91%. Intuit’s dividend payout ratio (DPR) is presently 41.38%.
In other news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total transaction of $342,992.52. Following the sale, the executive vice president now directly owns 3,050 shares in the company, valued at $484,767. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brad D. Smith sold 110,496 shares of the business’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 value of $16,729,094.40. Following the sale, the chief executive officer now owns 399,246 shares in the company, valued at $60,445,844.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 965,938 shares of company stock valued at $149,469,127. Corporate insiders own 5.59% of the company’s stock.
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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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