YHB Investment Advisors Inc. Acquires 3,981 Shares of Intuit Inc. (INTU)

YHB Investment Advisors Inc. boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,770 shares of the software maker’s stock after buying an additional 3,981 shares during the period. Intuit makes up 1.2% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. YHB Investment Advisors Inc.’s holdings in Intuit were worth $6,451,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTU. Vanguard Group Inc increased its position in shares of Intuit by 3.9% in the third quarter. Vanguard Group Inc now owns 18,997,220 shares of the software maker’s stock valued at $4,319,968,000 after acquiring an additional 704,771 shares during the period. BlackRock Inc. grew its holdings in Intuit by 8.0% in the third quarter. BlackRock Inc. now owns 18,793,808 shares of the software maker’s stock worth $4,273,712,000 after purchasing an additional 1,398,906 shares during the period. FMR LLC grew its holdings in Intuit by 14.3% in the second quarter. FMR LLC now owns 10,343,136 shares of the software maker’s stock worth $2,113,155,000 after purchasing an additional 1,290,503 shares during the period. Capital International Investors purchased a new stake in Intuit in the third quarter worth about $1,273,455,000. Finally, TIAA CREF Investment Management LLC grew its holdings in Intuit by 0.6% in the third quarter. TIAA CREF Investment Management LLC now owns 4,143,604 shares of the software maker’s stock worth $942,256,000 after purchasing an additional 22,924 shares during the period. Institutional investors and hedge funds own 86.17% of the company’s stock.

In other news, CEO Brad D. Smith sold 22,418 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $205.63, for a total transaction of $4,609,813.34. Following the completion of the sale, the chief executive officer now owns 292,520 shares in the company, valued at approximately $60,150,887.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott D. Cook sold 152,001 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $197.41, for a total value of $30,006,517.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 347,207 shares of company stock valued at $68,710,900. 4.60% of the stock is currently owned by company insiders.

Shares of NASDAQ INTU traded up $0.08 during mid-day trading on Friday, hitting $206.14. 101,697 shares of the company were exchanged, compared to its average volume of 1,723,623. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.41 and a quick ratio of 1.41. Intuit Inc. has a 1-year low of $150.43 and a 1-year high of $231.84. The company has a market cap of $52.59 billion, a PE ratio of 45.51, a P/E/G ratio of 2.36 and a beta of 1.17.

Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.45 million. Intuit had a return on equity of 56.35% and a net margin of 20.71%. Intuit’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Analysts anticipate that Intuit Inc. will post 5.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Thursday, January 10th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, January 9th. Intuit’s dividend payout ratio is presently 41.50%.

Several research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Intuit in a research note on Tuesday, December 18th. They issued an “overweight” rating and a $250.00 target price on the stock. JPMorgan Chase & Co. cut shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price objective for the company. in a research note on Thursday, December 13th. Royal Bank of Canada cut shares of Intuit from an “outperform” rating to a “sector perform” rating and set a $197.05 target price for the company. in a research note on Sunday, December 2nd. BidaskClub upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Finally, Argus decreased their price objective on shares of Intuit from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $222.50.

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Intuit Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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