Intuit Inc. (NASDAQ:INTU) Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,817 shares of the software maker’s stock after acquiring an additional 2,855 shares during the period. Quantinno Capital Management LP’s holdings in Intuit were worth $14,791,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC bought a new position in Intuit in the second quarter worth about $25,000. Cultivar Capital Inc. bought a new position in Intuit in the second quarter worth about $26,000. Fairway Wealth LLC bought a new position in Intuit in the second quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in Intuit in the third quarter worth about $27,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Intuit during the second quarter valued at approximately $35,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Barclays cut their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Stifel Nicolaus cut their price target on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Oppenheimer lifted their price target on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their price target on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus target price of $737.44.

Insiders Place Their Bets

In other Intuit news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 2,941 shares of Intuit stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the transaction, the executive vice president now owns 20 shares in the company, valued at approximately $12,575.20. The trade was a 99.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,324 shares of company stock worth $75,803,690. 2.68% of the stock is owned by insiders.

Intuit Trading Up 2.9 %

Intuit stock opened at $654.64 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $183.25 billion, a price-to-earnings ratio of 63.56, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The firm’s 50 day moving average price is $634.29 and its two-hundred day moving average price is $631.12.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. On average, research analysts predict that Intuit Inc. will post 14.07 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a $1.04 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $4.16 annualized dividend and a yield of 0.64%. Intuit’s dividend payout ratio (DPR) is 40.39%.

Intuit Profile

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 four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.