Intuit Inc. (NASDAQ:INTU) Stock Holdings Lowered by Dohj LLC

Dohj LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 10.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,969 shares of the software maker’s stock after selling 336 shares during the period. Dohj LLC’s holdings in Intuit were worth $1,455,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Intuit by 6.8% in the 1st quarter. BlackRock Inc. now owns 23,146,353 shares of the software maker’s stock valued at $8,866,442,000 after buying an additional 1,464,341 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Intuit by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,586,386 shares of the software maker’s stock valued at $8,651,941,000 after buying an additional 1,025,000 shares in the last quarter. Geode Capital Management LLC grew its position in Intuit by 5.9% in the 1st quarter. Geode Capital Management LLC now owns 4,352,130 shares of the software maker’s stock valued at $1,662,539,000 after buying an additional 241,291 shares in the last quarter. Ameriprise Financial Inc. grew its position in Intuit by 7.9% in the 1st quarter. Ameriprise Financial Inc. now owns 3,223,219 shares of the software maker’s stock valued at $1,234,822,000 after buying an additional 235,112 shares in the last quarter. Finally, Northern Trust Corp grew its position in Intuit by 0.5% in the 1st quarter. Northern Trust Corp now owns 3,181,517 shares of the software maker’s stock valued at $1,218,712,000 after buying an additional 16,097 shares in the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Intuit from $511.00 to $615.00 and gave the company an “overweight” rating in a research report on Wednesday, August 25th. Wolfe Research increased their target price on shares of Intuit from $520.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, August 25th. KeyCorp upped their price target on shares of Intuit from $475.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday, August 26th. Wells Fargo & Company upped their price target on shares of Intuit from $510.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, August 25th. Finally, Royal Bank of Canada upped their price target on shares of Intuit from $490.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, May 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $544.55.

In other news, Director Raul Vazquez sold 1,100 shares of the firm’s stock in a transaction on Friday, June 25th. The stock was sold at an average price of $483.08, for a total value of $531,388.00. Following the completion of the sale, the director now directly owns 1,589 shares in the company, valued at $767,614.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark J. Flournoy sold 665 shares of Intuit stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $475.27, for a total value of $316,054.55. Following the completion of the sale, the chief accounting officer now owns 1,520 shares of the company’s stock, valued at $722,410.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,112 shares of company stock valued at $34,124,588. 3.38% of the stock is owned by company insiders.

INTU stock traded down $3.03 during midday trading on Wednesday, hitting $565.24. 10,461 shares of the company traded hands, compared to its average volume of 1,246,041. The business has a 50 day simple moving average of $536.66 and a 200-day simple moving average of $463.54. The stock has a market capitalization of $154.36 billion, a price-to-earnings ratio of 75.68, a price-to-earnings-growth ratio of 4.82 and a beta of 1.03. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.21. Intuit Inc. has a twelve month low of $295.37 and a twelve month high of $582.96.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, August 23rd. The software maker reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.38. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.32 billion. Intuit had a net margin of 21.41% and a return on equity of 24.31%. Intuit’s quarterly revenue was up 41.0% on a year-over-year basis. During the same quarter last year, the company posted $1.81 earnings per share. Equities research analysts forecast that Intuit Inc. will post 7.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 18th. Investors of record on Monday, October 11th will be given a $0.68 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.59. This represents a $2.72 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, October 8th. Intuit’s dividend payout ratio (DPR) is 31.22%.

About Intuit

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

Further Reading: Market Perform

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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