Keybank National Association OH boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,905 shares of the software maker’s stock after buying an additional 4,061 shares during the quarter. Keybank National Association OH owned 0.07% of Intuit worth $24,861,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Exane Derivatives acquired a new position in Intuit in the third quarter worth approximately $105,000. Captrust Financial Advisors acquired a new position in Intuit in the second quarter worth approximately $108,000. Shine Investment Advisory Services Inc. acquired a new position in Intuit in the second quarter worth approximately $123,000. Harvest Fund Management Co. Ltd acquired a new position in Intuit in the second quarter worth approximately $140,000. Finally, ETF Managers Group LLC acquired a new position in Intuit in the second quarter worth approximately $140,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
In related news, EVP Henry Tayloe Stansbury sold 5,350 shares of Intuit stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $140.25, for a total value of $750,337.50. Following the completion of the sale, the executive vice president now owns 6,242 shares of the company’s stock, valued at approximately $875,440.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO R Neil Williams sold 184,585 shares of Intuit stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the completion of the sale, the chief financial officer now directly owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,084,194 shares of company stock valued at $151,162,540. 5.70% of the stock is owned by company insiders.
Several research analysts have issued reports on INTU shares. Raymond James Financial, Inc. lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Monday, August 28th. Moffett Nathanson initiated coverage on shares of Intuit in a research report on Thursday, September 7th. They set a “buy” rating and a $150.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $132.00 price objective on shares of Intuit in a research report on Friday, October 6th. Finally, Jefferies Group LLC initiated coverage on shares of Intuit in a research report on Thursday, August 24th. They set a “buy” rating and a $157.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $143.42.
Shares of Intuit Inc. (NASDAQ:INTU) traded down $0.96 during trading hours on Tuesday, hitting $152.68. 665,726 shares of the company’s stock were exchanged, compared to its average volume of 1,150,000. The firm has a market cap of $38,990.00, a price-to-earnings ratio of 40.75, a P/E/G ratio of 2.71 and a beta of 1.18. Intuit Inc. has a 52 week low of $103.22 and a 52 week high of $154.19. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32.
Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. sell-side analysts expect 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. Investors of record on Tuesday, October 10th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34. Intuit’s payout ratio is presently 41.82%.
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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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