Teachers Retirement System of The State of Kentucky trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,420 shares of the software maker’s stock after selling 18,420 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intuit were worth $12,058,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in Intuit by 1.0% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after purchasing an additional 300 shares during the last quarter. Bessemer Group Inc. grew its position in Intuit by 11.9% in the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock worth $484,000 after purchasing an additional 326 shares during the last quarter. Koch Industries Inc. grew its position in Intuit by 16.0% in the 4th quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock worth $400,000 after purchasing an additional 349 shares during the last quarter. LS Investment Advisors LLC grew its position in Intuit by 5.5% in the 4th quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock worth $1,086,000 after purchasing an additional 359 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Intuit by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the software maker’s stock worth $375,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.
In related news, Chairman Scott D. Cook sold 184,733 shares of Intuit stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $158.98, for a total transaction of $29,368,852.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Scott D. Cook sold 112,731 shares of Intuit stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The disclosure for this sale can be found here. Insiders have sold a total of 935,159 shares of company stock valued at $157,615,795 over the last three months. 5.59% of the stock is currently owned by insiders.
Several analysts have issued reports on INTU shares. UBS Group restated a “neutral” rating and issued a $177.00 price target (up from $170.00) on shares of Intuit in a research report on Friday, February 23rd. Credit Suisse Group restated an “outperform” rating and issued a $185.00 price target (up from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Morgan Stanley raised their price target on shares of Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $185.00 price objective on shares of Intuit in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $167.05.
Intuit Inc. (NASDAQ:INTU) opened at $177.68 on Wednesday. Intuit Inc. has a 1-year low of $114.80 and a 1-year high of $179.17. The stock has a market cap of $45,416.18, a PE ratio of 47.29, a P/E/G ratio of 2.70 and a beta of 1.15. 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 (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts predict that Intuit Inc. will post 4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, April 9th. Intuit’s dividend payout ratio is currently 42.86%.
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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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