2 weeks Ago By ABMN Staff
Buck Wealth Strategies LLC increased its position in shares of Intuit Inc. ( NASDAQ:INTU – Free Report ) by 148.3% during the second quarter, Holdings Channel.
com reports. The institutional investor owned 12,626 shares of the software maker’s stock after purchasing an additional 7,541 shares during the period. Intuit accounts for 2.
4% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 13th largest holding. Buck Wealth Strategies LLC’s holdings in Intuit were worth $8,299,000 at the end of the most recent quarter. A number of other large investors have also recently added to or reduced their stakes in INTU.
Wellington Management Group LLP increased its stake in shares of Intuit by 173.0% during the 4th quarter. Wellington Management Group LLP now owns 3,687,583 shares of the software maker’s stock worth $2,304,850,000 after purchasing an additional 2,336,654 shares during the last quarter.
Lone Pine Capital LLC bought a new position in Intuit during the fourth quarter worth about $467,852,000. Capital World Investors increased its position in Intuit by 54.7% during the fourth quarter.
Capital World Investors now owns 1,176,711 shares of the software maker’s stock worth $735,480,000 after buying an additional 416,099 shares during the last quarter. SG Americas Securities LLC raised its stake in Intuit by 940.4% in the first quarter.
SG Americas Securities LLC now owns 315,670 shares of the software maker’s stock valued at $205,186,000 after buying an additional 285,328 shares during the period. Finally, Vanguard Group Inc. raised its stake in Intuit by 1.
1% in the first quarter. Vanguard Group Inc. now owns 26,057,696 shares of the software maker’s stock valued at $16,937,502,000 after buying an additional 283,291 shares during the period.
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 Friday. The business has a fifty day moving average price of $635.09 and a two-hundred day moving average price of $630.
58. The stock has a market capitalization of $173.05 billion, a PE ratio of 57.
11, a P/E/G ratio of 3.13 and a beta of 1.24.
The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.
29. Intuit Inc. has a fifty-two week low of $473.
56 and a fifty-two week high of $676.62. Intuit Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th.
Investors of record on Thursday, October 10th will be paid a $1.04 dividend. This represents a $4.
16 dividend on an annualized basis and a yield of 0.67%. This is a boost from Intuit’s previous quarterly dividend of $0.
90. The ex-dividend date is Thursday, October 10th. Intuit’s dividend payout ratio (DPR) is 38.
38%. Insider Buying and Selling at Intuit In other news, CFO Sandeep Aujla sold 1,061 shares of Intuit stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $651.
27, for a total value of $690,997.47. Following the transaction, the chief financial officer now owns 3,333 shares in the company, valued at approximately $2,170,682.
91. The sale was disclosed in a filing with the SEC, which is available at the SEC website . In other news, CFO Sandeep Aujla sold 1,061 shares of the stock in a transaction dated Wednesday, July 3rd.
The shares were sold at an average price of $651.27, for a total value of $690,997.47.
Following the completion of the transaction, the chief financial officer now owns 3,333 shares of the company’s stock, valued at $2,170,682.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $628.
76, for a total transaction of $1,849,183.16. Following the sale, the executive vice president now directly owns 20 shares in the company, valued at $12,575.
20. The disclosure for this sale can be found here . Insiders sold a total of 52,548 shares of company stock worth $33,604,124 over the last three months.
Corporate insiders own 2.90% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts recently weighed in on INTU shares.
Susquehanna reissued a “positive” rating and set a $757.00 target price on shares of Intuit in a report on Friday, August 16th. Erste Group Bank reaffirmed a “hold” rating on shares of Intuit in a research report on Friday, June 14th.
StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Jefferies Financial Group lifted their target price on shares of Intuit from $770.
00 to $790.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets increased their price target on shares of Intuit from $700.
00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock.
According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $720.37. Check Out Our Latest Research Report on Intuit 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. See Also 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.
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