Sentry Investment Management LLC Has $2,364,000 Position in Intuit Inc. (INTU)
Sentry Investment Management LLC held its position in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,800 shares of the software maker’s stock at the end of the 2nd quarter. Sentry Investment Management LLC’s holdings in Intuit were worth $2,364,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its position in Intuit by 1,542.9% in the first quarter. BlackRock Inc. now owns 17,363,857 shares of the software maker’s stock valued at $2,014,036,000 after purchasing an additional 16,306,976 shares during the period. Vanguard Group Inc. raised its position in Intuit by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,818,170 shares of the software maker’s stock valued at $2,233,621,000 after purchasing an additional 444,676 shares during the period. TIAA CREF Investment Management LLC raised its position in Intuit by 7.8% in the second quarter. TIAA CREF Investment Management LLC now owns 4,780,533 shares of the software maker’s stock valued at $634,903,000 after purchasing an additional 347,159 shares during the period. Morgan Stanley raised its position in Intuit by 38.5% in the first quarter. Morgan Stanley now owns 3,478,799 shares of the software maker’s stock valued at $403,505,000 after purchasing an additional 966,936 shares during the period. Finally, Janus Capital Management LLC raised its position in Intuit by 5.4% in the first quarter. Janus Capital Management LLC now owns 2,694,993 shares of the software maker’s stock valued at $312,593,000 after purchasing an additional 138,184 shares during the period. Institutional investors own 85.97% of the company’s stock.
Intuit Inc. (NASDAQ:INTU) traded up 0.501% on Tuesday, reaching $145.465. The company had a trading volume of 288,774 shares. The firm has a 50-day moving average of $142.81 and a 200-day moving average of $134.30. The stock has a market capitalization of $37.09 billion, a P/E ratio of 39.103 and a beta of 1.15. Intuit Inc. has a 12 month low of $103.22 and a 12 month high of $146.99.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. During the same period last year, the company posted $0.08 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Intuit Inc. will post $4.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 1.08%. Intuit’s dividend payout ratio (DPR) is 41.94%.
In other Intuit news, Chairman Scott D. Cook sold 182,037 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $135.20, for a total value of $24,611,402.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the completion of the transaction, the vice president now directly owns 1,713 shares in the company, valued at $243,777.03. The disclosure for this sale can be found here. Insiders sold 1,084,194 shares of company stock worth $151,162,540 over the last three months. 5.70% of the stock is currently owned by corporate insiders.
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A number of equities research analysts have commented on INTU shares. Argus started coverage on Intuit in a research report on Wednesday, September 20th. They issued a “buy” rating and a $165.00 target price on the stock. Moffett Nathanson started coverage on Intuit in a research report on Thursday, September 7th. They issued a “buy” rating and a $150.00 target price on the stock. Zacks Investment Research upgraded Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Monday, August 28th. Jefferies Group LLC started coverage on Intuit in a research report on Thursday, August 24th. They issued a “buy” rating and a $157.00 target price on the stock. Finally, Bank of America Corporation restated a “buy” rating and issued a $145.00 target price on shares of Intuit in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Intuit 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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