Veracity Capital LLC increased its holdings in Intuit Inc. (NASDAQ:INTU) by 99.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171 shares of the software maker’s stock after acquiring an additional 1,082 shares during the quarter. Veracity Capital LLC’s holdings in Intuit were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in Intuit by 1.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,222 shares of the software maker’s stock valued at $9,201,000 after purchasing an additional 394 shares in the last quarter. DNB Asset Management AS increased its stake in Intuit by 107.9% during the 4th quarter. DNB Asset Management AS now owns 83,821 shares of the software maker’s stock valued at $31,839,000 after purchasing an additional 43,510 shares in the last quarter. HWG Holdings LP increased its stake in Intuit by 32.6% during the 4th quarter. HWG Holdings LP now owns 4,130 shares of the software maker’s stock valued at $1,569,000 after purchasing an additional 1,016 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Intuit by 4.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 100,127 shares of the software maker’s stock valued at $38,033,000 after purchasing an additional 3,915 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new stake in Intuit during the 4th quarter valued at about $28,494,000. Institutional investors own 84.79% of the company’s stock.
In related news, EVP James Alexander Chriss sold 364 shares of the business’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $407.38, for a total value of $148,286.32. Following the sale, the executive vice president now owns 221 shares in the company, valued at $90,030.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michelle M. Clatterbuck sold 2,253 shares of the business’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $403.51, for a total transaction of $909,108.03. Following the completion of the sale, the chief financial officer now owns 4,293 shares in the company, valued at approximately $1,732,268.43. The disclosure for this sale can be found here. Company insiders own 3.38% of the company’s stock.
INTU has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Intuit in a research note on Thursday. They set a “buy” rating for the company. The Goldman Sachs Group assumed coverage on shares of Intuit in a report on Friday, January 22nd. They set a “neutral” rating and a $430.00 price target on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $460.00 price target on shares of Intuit in a report on Monday, March 22nd. Evercore ISI raised shares of Intuit from an “in-line” rating to an “outperform” rating and set a $500.00 price target on the stock in a report on Monday, March 1st. Finally, Citigroup raised their price target on shares of Intuit from $383.00 to $411.00 and gave the company a “neutral” rating in a report on Friday, February 12th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Intuit presently has an average rating of “Buy” and a consensus price target of $426.05.
Shares of Intuit stock traded down $1.47 on Monday, hitting $416.14. 22,773 shares of the company traded hands, compared to its average volume of 1,456,769. The stock has a market capitalization of $113.96 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.09 and a current ratio of 3.09. Intuit Inc. has a 52 week low of $244.56 and a 52 week high of $423.74. The business has a 50-day simple moving average of $390.83 and a 200 day simple moving average of $366.54.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, February 23rd. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.55. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Intuit had a net margin of 25.10% and a return on equity of 40.29%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. Research analysts expect that Intuit Inc. will post 5.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 19th. Stockholders of record on Monday, April 12th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 9th. Intuit’s payout ratio is currently 35.98%.
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.
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