Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 54,260 shares of the software maker’s stock after selling 306 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intuit were worth $8,561,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC boosted its holdings in shares of Intuit by 4.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 30,670 shares of the software maker’s stock valued at $4,839,000 after acquiring an additional 1,279 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Intuit by 9.2% during the 4th quarter. Dupont Capital Management Corp now owns 21,289 shares of the software maker’s stock valued at $3,359,000 after acquiring an additional 1,797 shares in the last quarter. Chicago Equity Partners LLC boosted its holdings in shares of Intuit by 1.2% during the 4th quarter. Chicago Equity Partners LLC now owns 57,730 shares of the software maker’s stock valued at $9,109,000 after acquiring an additional 670 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Intuit by 11.9% during the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock valued at $484,000 after acquiring an additional 326 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in shares of Intuit by 1.9% during the 4th quarter. Lyell Wealth Management LP now owns 26,711 shares of the software maker’s stock valued at $4,214,000 after acquiring an additional 495 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total value of $326,613.30. Following the completion of the sale, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $461,617.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark J. Flournoy sold 13,424 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $155.56, for a total value of $2,088,237.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 965,938 shares of company stock valued at $149,469,127. Corporate insiders own 5.59% of the company’s stock.
INTU has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Intuit from $141.00 to $160.00 and gave the company a “sector perform” rating in a report on Thursday, November 16th. Citigroup raised their price objective on Intuit to $170.00 in a report on Tuesday, November 21st. Oppenheimer lifted their target price on Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. JPMorgan Chase & Co. lifted their target price on Intuit to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research downgraded Intuit from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $158.32.
Intuit Inc. (INTU) opened at $163.42 on Monday. Intuit Inc. has a 12-month low of $111.90 and a 12-month high of $170.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $41,778.30, a PE ratio of 43.69, a PEG ratio of 2.94 and a beta of 1.19.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. research analysts predict that Intuit Inc. will post 4.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.38%.
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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