2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd decreased its position in Intuit Inc. ( NASDAQ:INTU – Free Report ) by 70.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 193 shares of the software maker’s stock after selling 461 shares during the period. Brown Shipley& Co Ltd’s holdings in Intuit were worth $127,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Northwestern Mutual Wealth Management Co. raised its holdings in Intuit by 7.6% in the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 17,343 shares of the software maker’s stock valued at $11,396,000 after buying an additional 1,230 shares during the period. NewEdge Advisors LLC raised its stake in shares of Intuit by 19.
5% in the 2nd quarter. NewEdge Advisors LLC now owns 21,979 shares of the software maker’s stock valued at $14,445,000 after acquiring an additional 3,583 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Intuit in the 2nd quarter worth approximately $4,156,000.
Creative Planning boosted its position in shares of Intuit by 0.6% during the 2nd quarter. Creative Planning now owns 50,716 shares of the software maker’s stock worth $33,331,000 after purchasing an additional 317 shares during the period.
Finally, Buck Wealth Strategies LLC increased its holdings in Intuit by 148.3% in the 2nd quarter. Buck Wealth Strategies LLC now owns 12,626 shares of the software maker’s stock valued at $8,299,000 after purchasing an additional 7,541 shares during the last quarter.
Institutional investors and hedge funds own 83.66% of the company’s stock. Intuit Price Performance Shares of NASDAQ:INTU opened at $619.
03 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.
29 and a current ratio of 1.29. Intuit Inc.
has a one year low of $473.56 and a one year high of $676.62.
The company has a 50-day simple moving average of $635.09 and a 200-day simple moving average of $630.41.
The stock has a market capitalization of $173.05 billion, a price-to-earnings ratio of 57.11, a PEG ratio of 3.
13 and a beta of 1.24. Intuit Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th.
Stockholders of record on Thursday, October 10th will be issued a $1.04 dividend. This is an increase from Intuit’s previous quarterly dividend of $0.
90. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.
16 annualized dividend and a dividend yield of 0.67%. Intuit’s payout ratio is presently 38.
38%. Insider Buying and Selling In other Intuit news, EVP Laura A. Fennell sold 30,159 shares of Intuit stock in a transaction that occurred on Friday, September 20th.
The stock was sold at an average price of $642.36, for a total value of $19,372,935.24.
Following the sale, the executive vice president now owns 52,038 shares of the company’s stock, valued at approximately $33,427,129.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
In other news, EVP Laura A. Fennell sold 30,159 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $642.
36, for a total value of $19,372,935.24. Following the completion of the sale, the executive vice president now directly owns 52,038 shares of the company’s stock, valued at approximately $33,427,129.
68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Also, EVP Mark P.
Notarainni sold 965 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $651.00, for a total value of $628,215.
00. Following the completion of the transaction, the executive vice president now owns 1,020 shares of the company’s stock, valued at approximately $664,020. The disclosure for this sale can be found here .
Insiders sold 52,548 shares of company stock valued at $33,604,124 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.
Wall Street Analyst Weigh In Several research firms recently issued reports on INTU. Royal Bank of Canada assumed coverage on Intuit in a research note on Wednesday, July 3rd. They set an “outperform” rating and a $760.
00 target price on the stock. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $750.00 to $685.
00 in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their target price on Intuit from $690.00 to $795.
00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Erste Group Bank reaffirmed a “hold” rating on shares of Intuit in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co.
increased their price objective on shares of Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd.
Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $735.71.
View Our Latest Report on INTU Intuit Company Profile ( Free Report ) 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. Read More Five stocks we like better than Intuit 5 discounted opportunities for dividend growth investors 3 Bargain Stocks Under $20 With Major Growth Potential What is the Hang Seng index? Top 5 ETFs to Own Now and Into 2025 Canadian Penny Stocks: Can They Make You Rich? Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Intuit Inc. ( NASDAQ:INTU – Free Report ). Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.
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