Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,517 shares of the software maker’s stock, valued at approximately $5,213,000.
Several other hedge funds also recently bought and sold shares of INTU. Massey Quick Simon & CO. LLC increased its position in shares of Intuit by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 750 shares of the software maker’s stock valued at $130,000 after acquiring an additional 375 shares during the last quarter. NewSquare Capital LLC purchased a new stake in shares of Intuit during the second quarter valued at approximately $185,000. Cerebellum GP LLC purchased a new stake in shares of Intuit during the second quarter valued at approximately $176,000. Resources Investment Advisors Inc. increased its position in shares of Intuit by 158.9% during the first quarter. Resources Investment Advisors Inc. now owns 906 shares of the software maker’s stock valued at $174,000 after acquiring an additional 556 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Intuit during the second quarter valued at approximately $200,000. Institutional investors own 87.38% of the company’s stock.
A number of analysts recently commented on INTU shares. JPMorgan Chase & Co. increased their price target on Intuit from $170.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. UBS Group increased their price target on Intuit from $177.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Stifel Nicolaus raised Intuit from a “hold” rating to a “buy” rating and increased their price target for the company from $197.00 to $240.00 in a research report on Monday, June 18th. Wells Fargo & Co set a $215.00 price target on Intuit and gave the company an “outperform” rating in a research report on Wednesday, May 23rd. Finally, BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $200.22.
In other news, insider Scott D. Cook sold 100,000 shares of Intuit stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $209.41, for a total value of $20,941,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 3,941 shares of Intuit stock in a transaction on Monday, June 25th. The shares were sold at an average price of $202.21, for a total value of $796,909.61. The disclosure for this sale can be found here. Insiders sold 321,277 shares of company stock valued at $65,648,052 over the last three months. Company insiders own 5.59% of the company’s stock.
NASDAQ:INTU opened at $211.19 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. Intuit Inc. has a 1 year low of $133.60 and a 1 year high of $219.46. The firm has a market capitalization of $53.75 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 2.46 and a beta of 1.18.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, May 22nd. The software maker reported $4.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.68 by $0.14. Intuit had a return on equity of 79.36% and a net margin of 20.39%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business posted $3.90 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. equities research analysts predict that Intuit Inc. will post 4.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, July 9th. Intuit’s dividend payout ratio is currently 41.38%.
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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