American Century Companies Inc. grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 465,503 shares of the software maker’s stock after buying an additional 4,402 shares during the period. American Century Companies Inc. owned approximately 0.18% of Intuit worth $66,167,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of INTU. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Intuit by 10.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,127,074 shares of the software maker’s stock valued at $160,202,000 after purchasing an additional 102,305 shares in the last quarter. Polaris Greystone Financial Group LLC bought a new position in shares of Intuit during the 3rd quarter valued at about $455,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Intuit by 14.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,920 shares of the software maker’s stock valued at $5,674,000 after purchasing an additional 4,967 shares in the last quarter. Empirical Finance LLC bought a new position in shares of Intuit during the 3rd quarter valued at about $203,000. Finally, Verity & Verity LLC raised its position in Intuit by 38.4% in the 3rd quarter. Verity & Verity LLC now owns 2,110 shares of the software maker’s stock valued at $300,000 after buying an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 86.17% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) opened at $153.30 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit Inc. has a fifty-two week low of $108.70 and a fifty-two week high of $154.19. The company has a market capitalization of $39,087.52, a price-to-earnings ratio of 40.66, a PEG ratio of 2.70 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company had revenue of $842.00 million during the quarter, compared to analysts’ expectations of $808.82 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Intuit’s revenue was up 11.7% on a year-over-year basis. research analysts expect that Intuit Inc. will post 4.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were paid a $0.39 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.02%. Intuit’s dividend payout ratio is presently 41.94%.
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In other news, EVP Henry Tayloe Stansbury sold 5,350 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $140.25, for a total value of $750,337.50. Following the completion of the sale, the executive vice president now owns 6,242 shares of the company’s stock, valued at $875,440.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark J. Flournoy sold 1,868 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the sale, the vice president now owns 1,713 shares in the company, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last three months, insiders sold 1,084,194 shares of company stock valued at $151,162,540. Insiders own 5.70% of the company’s stock.
A number of equities research analysts recently issued reports on INTU shares. Wells Fargo & Company raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price on the stock in a research report on Thursday, September 21st. Raymond James Financial, Inc. lowered Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. First Analysis raised Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 target price on the stock in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $141.00 target price on shares of Intuit in a research report on Thursday, August 24th. Finally, William Blair started coverage on Intuit in a research report on Tuesday, September 19th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Intuit currently has a consensus rating of “Hold” and an average target price of $144.74.
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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