Saturna Capital CORP lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,784 shares of the software maker’s stock after purchasing an additional 900 shares during the period. Intuit comprises approximately 2.2% of Saturna Capital CORP’s portfolio, making the stock its 7th largest position. Saturna Capital CORP owned approximately 0.18% of Intuit worth $66,491,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Intuit by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock worth $2,233,621,000 after purchasing an additional 444,676 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Intuit by 7.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock worth $634,903,000 after purchasing an additional 347,159 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Intuit by 612.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after purchasing an additional 2,236,974 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Intuit by 19.0% during the 2nd quarter. Royal Bank of Canada now owns 2,508,267 shares of the software maker’s stock worth $333,124,000 after purchasing an additional 400,406 shares during the last quarter. Finally, Lindsell Train Ltd lifted its position in shares of Intuit by 7.3% during the 3rd quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock worth $336,843,000 after purchasing an additional 162,000 shares during the last quarter. 86.28% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Henry Tayloe Stansbury sold 7,882 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $152.05, for a total transaction of $1,198,458.10. Following the transaction, the executive vice president now directly owns 5,207 shares in the company, valued at $791,724.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mark J. Flournoy sold 1,868 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $142.31, for a total transaction of $265,835.08. Following the transaction, the vice president now owns 1,713 shares in the company, valued at $243,777.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,097,555 shares of company stock worth $160,825,842. 5.59% of the stock is currently owned by company insiders.
Intuit Inc. (NASDAQ:INTU) opened at $154.47 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The company has a market cap of $39,508.13, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. Intuit Inc. has a one year low of $111.90 and a one year high of $158.90.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.30. The company had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. Intuit’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. equities research analysts anticipate that Intuit Inc. will post 3.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.01%. Intuit’s dividend payout ratio is presently 41.38%.
INTU has been the topic of several research analyst reports. Citigroup lifted their price target on shares of Intuit to $170.00 in a research note on Tuesday, November 21st. Argus initiated coverage on shares of Intuit in a research note on Wednesday, September 20th. They set a “buy” rating and a $165.00 price target on the stock. Moffett Nathanson initiated coverage on shares of Intuit in a research note on Thursday, September 7th. They set a “buy” rating and a $150.00 price target on the stock. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Monday, August 28th. Finally, Jefferies Group initiated coverage on shares of Intuit in a research note on Thursday, August 24th. They set a “buy” rating and a $157.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $152.89.
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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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