Comgest Global Investors S.A.S. raised its holdings in Intuit Inc. (NASDAQ:INTU) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,976 shares of the software maker’s stock after purchasing an additional 11,000 shares during the quarter. Intuit accounts for 1.5% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 17th largest position. Comgest Global Investors S.A.S. owned approximately 0.18% of Intuit worth $64,102,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Intuit by 3.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,486 shares of the software maker’s stock valued at $8,455,000 after purchasing an additional 1,890 shares during the period. HighPoint Advisor Group LLC grew its stake in Intuit by 22.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 6,353 shares of the software maker’s stock valued at $967,000 after purchasing an additional 1,178 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Intuit by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 122,849 shares of the software maker’s stock valued at $17,036,000 after purchasing an additional 1,287 shares during the period. Teacher Retirement System of Texas grew its stake in Intuit by 6.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 33,717 shares of the software maker’s stock valued at $4,793,000 after purchasing an additional 2,136 shares during the period. Finally, Rhumbline Advisers grew its stake in Intuit by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 420,907 shares of the software maker’s stock valued at $59,828,000 after purchasing an additional 6,170 shares during the period. Hedge funds and other institutional investors own 86.10% of the company’s stock.
Shares of Intuit Inc. (NASDAQ INTU) traded up $0.32 on Wednesday, reaching $155.21. The company had a trading volume of 946,500 shares, compared to its average volume of 1,475,735. The stock has a market cap of $39,492.85, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.73 and a quick ratio of 0.73. Intuit Inc. has a twelve month low of $109.96 and a twelve month high of $155.77.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were issued a $0.39 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.01%. This is a boost from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio (DPR) is presently 41.94%.
A number of research analysts have issued reports on INTU shares. Jefferies Group LLC started coverage on Intuit in a research note on Thursday, August 24th. They issued a “buy” rating and a $157.00 price objective for the company. Oppenheimer Holdings, Inc. upped their price objective on Intuit from $141.00 to $146.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. UBS AG started coverage on Intuit in a research note on Thursday, November 9th. They issued a “neutral” rating and a $152.00 price objective for the company. Bank of America Corporation restated a “buy” rating and issued a $145.00 price objective on shares of Intuit in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of Intuit in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $146.16.
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In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $135.22, for a total value of $24,790,423.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total value of $257,108.60. Following the completion of the sale, the executive vice president now directly owns 2,675 shares in the company, valued at approximately $385,735. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,084,194 shares of company stock worth $151,162,540. Insiders own 5.70% of the company’s stock.
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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