Intuit Inc. (INTU) Position Held by Sentry Investment Management LLC
Sentry Investment Management LLC continued to hold its stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,654 shares of the company’s stock at the end of the third quarter. Sentry Investment Management LLC’s holdings in Intuit were worth $2,162,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Johnson Financial Group Inc. raised its stake in shares of Intuit by 563.9% in the second quarter. Johnson Financial Group Inc. now owns 1,029 shares of the company’s stock worth $115,000 after buying an additional 874 shares during the period. Point72 Asia Hong Kong Ltd raised its stake in shares of Intuit by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $123,000 after buying an additional 900 shares during the period. Global X Management Co. LLC raised its stake in shares of Intuit by 326.8% in the second quarter. Global X Management Co. LLC now owns 1,276 shares of the company’s stock worth $142,000 after buying an additional 977 shares during the period. Penserra Capital Management LLC raised its stake in shares of Intuit by 95.6% in the third quarter. Penserra Capital Management LLC now owns 1,379 shares of the company’s stock worth $151,000 after buying an additional 674 shares during the period. Finally, MSI Financial Services Inc raised its stake in shares of Intuit by 1.0% in the third quarter. MSI Financial Services Inc now owns 1,385 shares of the company’s stock worth $152,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) traded up 0.39% on Tuesday, reaching $116.16. The company’s stock had a trading volume of 1,480,416 shares. The firm has a market capitalization of $29.81 billion, a P/E ratio of 31.08 and a beta of 1.08. Intuit Inc. has a 52-week low of $88.17 and a 52-week high of $116.97. The firm has a 50-day moving average price of $109.63 and a 200 day moving average price of $109.78.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The company earned $778 million during the quarter, compared to the consensus estimate of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. Equities analysts anticipate that Intuit Inc. will post $4.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 10th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, January 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.17%. Intuit’s dividend payout ratio (DPR) is presently 36.27%.
A number of brokerages have issued reports on INTU. Brean Capital boosted their price target on shares of Intuit from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price target (down from $130.00) on shares of Intuit in a research note on Wednesday, August 24th. Goldman Sachs Group Inc. upped their target price on shares of Intuit from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a research note on Thursday, November 24th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $113.00 target price (up from $93.00) on shares of Intuit in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $200.83.
In other news, EVP Sasan K. Goodarzi sold 18,567 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $109.78, for a total transaction of $2,038,285.26. Following the completion of the sale, the executive vice president now owns 1,492 shares in the company, valued at approximately $163,791.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $109.19, for a total value of $204,294.49. Following the sale, the executive vice president now owns 2,541 shares of the company’s stock, valued at approximately $277,451.79. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.
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