VNBTrust National Association continued to hold its stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,900 shares of the software maker’s stock at the end of the second quarter. VNBTrust National Association’s holdings in Intuit were worth $385,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its position in Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after buying an additional 5 shares in the last quarter. Johnson Financial Group Inc. increased its position in Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock worth $126,000 after buying an additional 59 shares in the last quarter. Formidable Asset Management LLC acquired a new position in Intuit during the first quarter worth approximately $208,000. Lincoln National Corp acquired a new position in Intuit during the first quarter worth approximately $205,000. Finally, Miller Howard Investments Inc. NY acquired a new position in Intuit during the first quarter worth approximately $205,000. 85.39% of the stock is owned by institutional investors and hedge funds.

Intuit Inc. (INTU) traded down 0.18% during trading on Friday, reaching $136.90. The company’s stock had a trading volume of 675,694 shares. The firm has a market cap of $35.08 billion, a P/E ratio of 39.34 and a beta of 1.15. Intuit Inc. has a 52 week low of $103.22 and a 52 week high of $143.81. The stock’s 50 day moving average is $135.86 and its 200-day moving average is $126.82.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.43 EPS. On average, equities research analysts forecast that Intuit Inc. will post $4.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, July 6th. Intuit’s dividend payout ratio (DPR) is currently 39.19%.

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INTU has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Intuit from $115.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, May 24th. Credit Suisse Group boosted their price target on shares of Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Citigroup Inc. downgraded shares of Intuit from a “buy” rating to a “neutral” rating and reduced their price target for the company from $148.00 to $141.00 in a report on Monday, June 26th. Royal Bank Of Canada boosted their price target on shares of Intuit from $126.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 24th. Finally, CIBC lifted their price objective on shares of Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $135.63.

In related news, EVP Laura A. Fennell sold 74,052 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $139.46, for a total transaction of $10,327,291.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $135.29, for a total value of $253,127.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,265 shares of company stock worth $21,085,104. 5.70% of the stock is owned by company insiders.

Intuit Company Profile

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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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