HL Financial Services LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,677 shares of the software maker’s stock after selling 1,331 shares during the quarter. HL Financial Services LLC’s holdings in Intuit were worth $949,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of INTU. Exane Derivatives bought a new position in shares of Intuit in the 3rd quarter valued at $105,000. Captrust Financial Advisors bought a new position in shares of Intuit in the 2nd quarter valued at $108,000. Shine Investment Advisory Services Inc. bought a new position in shares of Intuit in the 2nd quarter valued at $123,000. Harvest Fund Management Co. Ltd bought a new position in shares of Intuit in the 2nd quarter valued at $140,000. Finally, ETF Managers Group LLC bought a new position in shares of Intuit in the 2nd quarter valued at $140,000. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $142.31, for a total value of $265,835.08. Following the completion of the sale, the vice president now directly owns 1,713 shares in the company, valued at approximately $243,777.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 owns 2,675 shares of the company’s stock, valued at $385,735. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,084,194 shares of company stock valued at $151,162,540. Corporate insiders own 5.70% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) traded up $1.44 during mid-day trading on Monday, hitting $154.74. The stock had a trading volume of 159,352 shares, compared to its average volume of 1,479,927. Intuit Inc. has a 1 year low of $108.70 and a 1 year high of $154.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $39,350.00, 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 data on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The firm had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts forecast that Intuit Inc. will post 4.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were given a $0.39 dividend. The ex-dividend date was Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 1.01%. Intuit’s dividend payout ratio (DPR) is 41.82%.
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A number of brokerages have recently commented on INTU. UBS AG began coverage on Intuit in a research note on Thursday. They issued a “neutral” rating and a $152.00 price target for the company. First Analysis upgraded Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target for the company in a research note on Wednesday, August 23rd. William Blair began coverage on Intuit in a research note on Tuesday, September 19th. They issued an “outperform” rating for the company. Wells Fargo & Company upgraded Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target for the company in a research note on Thursday, September 21st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $145.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Intuit currently has a consensus rating of “Hold” and a consensus price target of $144.74.
Intuit Company Profile
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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