Teachers Advisors LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,348,280 shares of the software maker’s stock after selling 106,027 shares during the period. Teachers Advisors LLC owned approximately 0.53% of Intuit worth $212,732,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horan Capital Advisors LLC. purchased a new position in Intuit during the third quarter worth about $114,000. Captrust Financial Advisors purchased a new position in Intuit during the fourth quarter worth about $158,000. SeaCrest Wealth Management LLC purchased a new position in Intuit during the fourth quarter worth about $170,000. Trellis Advisors LLC purchased a new position in Intuit during the fourth quarter worth about $201,000. Finally, Americafirst Capital Management LLC purchased a new position in Intuit during the third quarter worth about $184,000. 87.15% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Scott D. Cook sold 184,733 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $158.98, for a total value of $29,368,852.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Scott D. Cook sold 112,731 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The disclosure for this sale can be found here. Insiders sold 728,049 shares of company stock worth $121,193,430 over the last quarter. Company insiders own 5.59% of the company’s stock.
Shares of Intuit Inc. (NASDAQ:INTU) opened at $177.17 on Monday. The company has a market cap of $45,375.21, a P/E ratio of 48.67, a PEG ratio of 2.70 and a beta of 1.15. Intuit Inc. has a 1 year low of $114.80 and a 1 year high of $177.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. sell-side analysts predict that Intuit Inc. will post 4.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be given a $0.39 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.88%. Intuit’s dividend payout ratio is presently 42.86%.
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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