Brinker Capital Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 157.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,534 shares of the software maker’s stock after buying an additional 17,450 shares during the quarter. Brinker Capital Inc.’s holdings in Intuit were worth $5,617,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of INTU. Cambridge Investment Research Advisors Inc. increased its position in shares of Intuit by 33.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,600 shares of the software maker’s stock valued at $1,273,000 after buying an additional 1,396 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Intuit by 7.8% in the third quarter. Commonwealth Equity Services LLC now owns 20,730 shares of the software maker’s stock valued at $4,714,000 after buying an additional 1,493 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Intuit by 143.4% in the third quarter. Bessemer Group Inc. now owns 6,207 shares of the software maker’s stock valued at $1,412,000 after buying an additional 3,657 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Intuit in the third quarter valued at approximately $1,676,000. Finally, MML Investors Services LLC boosted its stake in shares of Intuit by 55.2% in the third quarter. MML Investors Services LLC now owns 6,363 shares of the software maker’s stock worth $1,447,000 after acquiring an additional 2,262 shares during the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.
In other Intuit news, SVP Kerry J. Mclean sold 12,176 shares of Intuit stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total value of $3,053,010.24. Following the sale, the senior vice president now owns 14,710 shares in the company, valued at $3,688,385.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark J. Flournoy sold 5,939 shares of Intuit stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $251.18, for a total value of $1,491,758.02. Following the completion of the sale, the vice president now owns 3,626 shares in the company, valued at approximately $910,778.68. The disclosure for this sale can be found here. Insiders have sold 94,259 shares of company stock worth $23,447,484 in the last three months. 4.60% of the stock is currently owned by corporate insiders.
NASDAQ INTU opened at $258.13 on Friday. The firm has a market cap of $66.87 billion, a price-to-earnings ratio of 56.98, a P/E/G ratio of 2.93 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Intuit Inc. has a fifty-two week low of $166.51 and a fifty-two week high of $259.86.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 21st. The software maker reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.44. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Intuit had a return on equity of 53.70% and a net margin of 22.89%. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts anticipate that Intuit Inc. will post 5.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 41.50%.
INTU has been the topic of a number of research analyst reports. Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research note on Monday, January 21st. BidaskClub raised Intuit from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Argus lowered their price target on Intuit from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Deutsche Bank lowered their price target on Intuit from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Finally, Bank of America reaffirmed a “buy” rating and issued a $264.00 price target (up from $252.00) on shares of Intuit in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $230.11.
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.
See Also: Buyback
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.