Intuit Inc. (INTU) Position Increased by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 49.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,884 shares of the software maker’s stock after buying an additional 5,598 shares during the period. Tudor Investment Corp ET AL’s holdings in Intuit were worth $2,242,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Intuit in the 2nd quarter worth $108,000. Guardian Life Insurance Co. of America lifted its position in Intuit by 0.5% during the 1st quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after acquiring an additional 5 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Intuit during the 2nd quarter worth $123,000. Johnson Financial Group Inc. lifted its position in Intuit by 5.8% during the 1st quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock worth $126,000 after acquiring an additional 59 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Intuit during the 2nd quarter worth $140,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
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In other news, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $135.22, for a total value of $24,790,423.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Scott D. Cook sold 182,037 shares of Intuit stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $135.20, for a total transaction of $24,611,402.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,084,194 shares of company stock valued at $151,162,540. 5.70% of the stock is currently owned by company insiders.
Shares of Intuit Inc. (NASDAQ INTU) traded up 0.58% on Monday, reaching $142.96. 166,184 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $138.84 and its 200 day moving average price is $131.54. Intuit Inc. has a 12 month low of $103.22 and a 12 month high of $146.72. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 38.43 and a beta of 1.15.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $842.00 million for the quarter, compared to analysts’ expectations of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. During the same quarter last year, the business earned $0.08 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Intuit Inc. will post $4.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, October 6th. This is a boost from Intuit’s previous quarterly dividend of $0.34. Intuit’s payout ratio is presently 36.56%.
A number of research firms have issued reports on INTU. Argus initiated coverage on shares of Intuit in a report on Wednesday, September 20th. They set a “buy” rating and a $165.00 price target for the company. Moffett Nathanson assumed coverage on Intuit in a research note on Thursday, September 7th. They issued a “buy” rating and a $150.00 price objective on the stock. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, August 28th. Jefferies Group LLC began coverage on Intuit in a research report on Thursday, August 24th. They set a “buy” rating and a $157.00 price objective for the company. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 price objective on shares of Intuit in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Intuit currently has an average rating of “Hold” and a consensus price target of $142.74.
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.
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