California State Teachers Retirement System lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 439,542 shares of the software maker’s stock after buying an additional 27,319 shares during the period. California State Teachers Retirement System’s holdings in Intuit were worth $69,351,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of INTU. Horan Capital Advisors LLC. acquired a new stake in shares of Intuit in the third quarter worth $114,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Intuit in the fourth quarter worth $170,000. Americafirst Capital Management LLC acquired a new stake in shares of Intuit in the third quarter worth $184,000. Trellis Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter worth $201,000. Finally, Wade G W & Inc. acquired a new stake in shares of Intuit in the third quarter worth $203,000. 87.15% of the stock is owned by institutional investors and hedge funds.
In other Intuit news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the completion of the sale, the executive vice president now owns 3,050 shares of the company’s stock, valued at $484,767. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 259,205 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was 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 935,159 shares of company stock valued at $157,615,795 in the last ninety days. Insiders own 5.59% of the company’s stock.
Shares of Intuit Inc. (NASDAQ:INTU) opened at $177.68 on Wednesday. The stock has a market capitalization of $45,420.00, a price-to-earnings ratio of 46.76, a P/E/G ratio of 2.70 and a beta of 1.15. Intuit Inc. has a 12-month low of $114.80 and a 12-month high of $179.17. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. equities analysts forecast that Intuit Inc. will post 4.27 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 10th will be given a $0.39 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.88%. Intuit’s dividend payout ratio is currently 41.05%.
Intuit Company Profile
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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