Willow Creek Wealth Management Inc. cut its position in Intuit Inc. (NASDAQ:INTU) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,127 shares of the software maker’s stock after selling 250 shares during the quarter. Intuit accounts for about 0.6% of Willow Creek Wealth Management Inc.’s portfolio, making the stock its 19th largest holding. Willow Creek Wealth Management Inc.’s holdings in Intuit were worth $1,363,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC increased its position in Intuit by 58.2% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 76,721 shares of the software maker’s stock worth $20,049,000 after purchasing an additional 28,226 shares in the last quarter. FMR LLC increased its position in Intuit by 10.0% during the 1st quarter. FMR LLC now owns 10,219,799 shares of the software maker’s stock worth $2,671,557,000 after purchasing an additional 930,221 shares in the last quarter. Capital Advisors Inc. OK increased its position in Intuit by 123.3% during the 2nd quarter. Capital Advisors Inc. OK now owns 46,718 shares of the software maker’s stock worth $12,209,000 after purchasing an additional 25,797 shares in the last quarter. Neuburgh Advisers LLC increased its position in Intuit by 6.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 49,436 shares of the software maker’s stock worth $12,919,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Intuit by 5.3% during the 1st quarter. Nordea Investment Management AB now owns 247,780 shares of the software maker’s stock worth $64,773,000 after purchasing an additional 12,481 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.
Shares of NASDAQ:INTU traded up $4.44 during trading on Tuesday, reaching $273.50. The stock had a trading volume of 748,664 shares, compared to its average volume of 1,154,885. The firm’s fifty day moving average is $272.39 and its 200 day moving average is $264.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.83 and a current ratio of 1.83. Intuit Inc. has a 52 week low of $182.61 and a 52 week high of $295.77. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 2.63 and a beta of 1.10.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.37. Intuit had a net margin of 22.95% and a return on equity of 43.86%. The company had revenue of $994.00 million for the quarter, compared to analyst estimates of $964.02 million. During the same period in the prior year, the firm posted $0.32 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, research analysts forecast that Intuit Inc. will post 6.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 10th will be paid a $0.53 dividend. This is a positive change from Intuit’s previous quarterly dividend of $0.47. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, October 9th. Intuit’s dividend payout ratio is currently 37.99%.
In other news, SVP Jeffrey David Ayers sold 39,689 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $17.15, for a total value of $680,666.35. Also, Chairman Scott D. Cook sold 133,333 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $278.53, for a total transaction of $37,137,240.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 285,279 shares of company stock worth $68,553,645. Insiders own 4.60% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Intuit from $269.00 to $289.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Jefferies Financial Group set a $320.00 target price on shares of Intuit and gave the stock a “buy” rating in a report on Friday, August 23rd. KeyCorp boosted their target price on shares of Intuit from $300.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Citigroup boosted their target price on shares of Intuit from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Deutsche Bank boosted their target price on shares of Intuit from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $277.00.
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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