Advisor Group Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,336 shares of the software maker’s stock after acquiring an additional 1,792 shares during the quarter. Advisor Group Inc.’s holdings in Intuit were worth $2,107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Sands Capital Management LLC lifted its holdings in shares of Intuit by 436.1% during the fourth quarter. Sands Capital Management LLC now owns 25,189 shares of the software maker’s stock worth $3,974,000 after purchasing an additional 20,490 shares during the period. Weil Company Inc. acquired a new stake in shares of Intuit during the fourth quarter worth about $3,170,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Intuit by 17.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 46,779 shares of the software maker’s stock worth $7,380,000 after purchasing an additional 7,043 shares during the period. Peak Asset Management LLC acquired a new stake in shares of Intuit during the fourth quarter worth about $209,000. Finally, Koch Industries Inc. raised its position in Intuit by 16.0% during the fourth quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock valued at $400,000 after acquiring an additional 349 shares in the last quarter. 87.15% of the stock is owned by institutional investors and hedge funds.
Shares of Intuit Inc. (INTU) opened at $178.59 on Friday. The company has a market capitalization of $45,569.85, a P/E ratio of 49.06, a PEG ratio of 2.71 and a beta of 1.15. Intuit Inc. has a 12-month low of $114.80 and a 12-month high of $179.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. sell-side analysts anticipate that Intuit Inc. will post 4.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 42.86%.
In other news, Chairman Scott D. Cook sold 214,272 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $177.94, for a total value of $38,127,559.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott D. Cook sold 259,205 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $171.72, for a total value of $44,510,682.60. The disclosure for this sale can be found here. Insiders sold 1,149,431 shares of company stock valued at $195,743,354 over the last 90 days. Company insiders own 5.59% of the company’s stock.
Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and set a $166.00 price target (up from $159.00) on shares of Intuit in a research report on Tuesday, November 21st. Barclays lifted their price target on Intuit from $157.00 to $168.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Jefferies Group reiterated a “buy” rating and set a $185.00 price target on shares of Intuit in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $148.00 price target on shares of Intuit in a research report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $167.05.
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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