Bp Plc lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the software maker’s stock after selling 4,000 shares during the period. Bp Plc’s holdings in Intuit were worth $5,117,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in INTU. Oregon Public Employees Retirement Fund raised its holdings in shares of Intuit by 17,362.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,327,715 shares of the software maker’s stock valued at $103,000 after buying an additional 20,211,306 shares during the last quarter. Capital International Investors bought a new stake in shares of Intuit during the third quarter valued at approximately $1,273,455,000. Bank of New York Mellon Corp raised its holdings in shares of Intuit by 46,373.2% during the third quarter. Bank of New York Mellon Corp now owns 2,858,100 shares of the software maker’s stock valued at $649,932,000 after buying an additional 2,851,950 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Intuit by 8.0% during the third quarter. BlackRock Inc. now owns 18,793,808 shares of the software maker’s stock valued at $4,273,712,000 after buying an additional 1,398,906 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Intuit by 14.3% during the second quarter. FMR LLC now owns 10,343,136 shares of the software maker’s stock valued at $2,113,155,000 after buying an additional 1,290,503 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors.
In other Intuit news, CEO Brad D. Smith sold 22,418 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $205.63, for a total value of $4,609,813.34. Following the transaction, the chief executive officer now owns 292,520 shares of the company’s stock, valued at $60,150,887.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Henry Tayloe Stansbury sold 3,650 shares of Intuit stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $188.94, for a total transaction of $689,631.00. Following the transaction, the executive vice president now owns 3,383 shares in the company, valued at $639,184.02. The disclosure for this sale can be found here. Insiders sold 347,207 shares of company stock worth $68,710,900 in the last ninety days. 4.60% of the stock is owned by corporate insiders.
Shares of NASDAQ:INTU opened at $228.59 on Thursday. Intuit Inc. has a 12 month low of $158.13 and a 12 month high of $231.84. The company has a market cap of $59.42 billion, a P/E ratio of 50.46, a PEG ratio of 2.62 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13.
Intuit (NASDAQ:INTU) last announced its earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.18. Intuit had a return on equity of 56.35% and a net margin of 20.71%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $971.45 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Intuit Inc. will post 5.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 18th. Shareholders of record on Thursday, January 10th were issued a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $1.88 annualized dividend and a dividend yield of 0.82%. Intuit’s dividend payout ratio is currently 41.50%.
A number of research firms have recently weighed in on INTU. BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Argus cut their price target on Intuit from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. Royal Bank of Canada raised Intuit from a “sector perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a report on Monday, November 26th. KeyCorp began coverage on Intuit in a report on Tuesday, December 18th. They set an “overweight” rating and a $250.00 price target on the stock. Finally, Morgan Stanley raised Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 price target on the stock in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Intuit presently has an average rating of “Buy” and a consensus target price of $225.63.
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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