Transamerica Financial Advisors Inc. lessened its position in shares of Intuit Inc. (NASDAQ:INTU) by 16.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,574 shares of the software maker’s stock after selling 1,262 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Intuit were worth $1,295,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in Intuit during the 4th quarter worth about $33,000. Moody National Bank Trust Division bought a new position in Intuit during the 4th quarter worth about $35,000. Csenge Advisory Group bought a new position in Intuit during the 3rd quarter worth about $54,000. Massey Quick Simon & CO. LLC increased its holdings in Intuit by 37.5% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 275 shares of the software maker’s stock worth $54,000 after purchasing an additional 75 shares in the last quarter. Finally, CWM LLC increased its holdings in Intuit by 20.0% during the 4th quarter. CWM LLC now owns 336 shares of the software maker’s stock worth $66,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.
INTU stock traded up $2.13 during mid-day trading on Monday, hitting $226.96. 322,963 shares of the company were exchanged, compared to its average volume of 1,369,820. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $58.44 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. Intuit Inc. has a 1-year low of $150.43 and a 1-year high of $231.84.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Monday, November 19th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.18. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.45 million. Intuit had a net margin of 20.71% and a return on equity of 56.35%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, research analysts expect that Intuit Inc. will post 5.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Shareholders of record on Thursday, January 10th were given a dividend of $0.47 per share. The ex-dividend date was Wednesday, January 9th. This represents a $1.88 annualized dividend and a yield of 0.83%. Intuit’s dividend payout ratio (DPR) is presently 41.50%.
A number of research firms have issued reports on INTU. Argus lowered their target price on Intuit from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Royal Bank of Canada upgraded Intuit from a “sector perform” rating to an “outperform” rating and set a $93.00 target price for the company in a report on Monday, November 26th. KeyCorp began coverage on Intuit in a report on Tuesday, December 18th. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley upgraded Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 price objective for the company in a report on Monday, February 4th. Finally, BidaskClub upgraded Intuit from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $225.63.
In other Intuit news, EVP Henry Tayloe Stansbury sold 3,650 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $188.94, for a total transaction of $689,631.00. Following the completion of the sale, the executive vice president now directly owns 3,383 shares in the company, valued at $639,184.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sasan K. Goodarzi sold 85,835 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $196.74, for a total transaction of $16,887,177.90. Following the sale, the executive vice president now owns 90,837 shares of the company’s stock, valued at $17,871,271.38. The disclosure for this sale can be found here. Insiders have sold 347,207 shares of company stock valued at $68,710,900 over the last 90 days. Company insiders own 4.60% of the company’s stock.
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Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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