Intuit Inc. (INTU) Shares Sold by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd decreased its stake in Intuit Inc. (NASDAQ:INTU) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,805 shares of the company’s stock after selling 100 shares during the period. Gulf International Bank UK Ltd’s holdings in Intuit were worth $8,119,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. increased 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 valued at $115,000 after buying an additional 874 shares during the last quarter. Point72 Asia Hong Kong Ltd increased 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 valued at $123,000 after buying an additional 900 shares during the last quarter. Global X Management Co. LLC increased 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 valued at $142,000 after buying an additional 977 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Intuit by 2,340.6% in the second quarter. Alpha Windward LLC now owns 1,562 shares of the company’s stock valued at $174,000 after buying an additional 1,498 shares during the last quarter. Finally, Telemus Capital LLC bought a new stake in shares of Intuit during the second quarter valued at approximately $201,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Shares of Intuit Inc. (NASDAQ:INTU) traded up 0.69% during trading on Tuesday, reaching $116.51. 979,141 shares of the company’s stock traded hands. The company’s 50-day moving average is $109.63 and its 200 day moving average is $109.78. The company has a market cap of $29.90 billion, a price-to-earnings ratio of 31.17 and a beta of 1.08. Intuit Inc. has a 52-week low of $88.17 and a 52-week high of $116.97.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Intuit had a net margin of 20.59% and a return on equity of 82.77%. The company earned $778 million during the quarter, compared to analyst estimates of $754.36 million. During the same period last year, the business earned $0.09 earnings per share. Intuit’s revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Intuit Inc. will post $4.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 10th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, January 6th. This represents a $1.36 annualized dividend and a yield of 1.17%. Intuit’s payout ratio is presently 36.27%.
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Several brokerages recently commented on INTU. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 target price on shares of Intuit in a report on Thursday, August 25th. Credit Suisse Group AG reissued a “neutral” rating and issued a $100.00 price objective on shares of Intuit in a report on Wednesday, August 24th. Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Intuit in a report on Wednesday, August 24th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $114.00 price objective on shares of Intuit in a report on Thursday, November 17th. Finally, Evercore ISI started coverage on shares of Intuit in a report on Wednesday, November 16th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $200.83.
In other Intuit news, EVP Henry Tayloe Stansbury sold 11,503 shares of Intuit stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $111.47, for a total transaction of $1,282,239.41. Following the completion of the sale, the executive vice president now directly owns 670 shares in the company, valued at $74,684.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Neil Williams sold 18,567 shares of Intuit stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $111.47, for a total transaction of $2,069,663.49. Following the sale, the chief financial officer now owns 4,727 shares of the company’s stock, valued at $526,918.69. The disclosure for this sale can be found here. Company 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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