Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.46 Million Holdings in Intuit Inc. (INTU)
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Intuit Inc. (NASDAQ:INTU) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,486 shares of the software maker’s stock after purchasing an additional 1,890 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Intuit were worth $8,455,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comgest Global Investors S.A.S. raised its holdings in Intuit by 2.4% in the second quarter. Comgest Global Investors S.A.S. now owns 439,976 shares of the software maker’s stock worth $58,433,000 after purchasing an additional 10,400 shares during the period. Oakbrook Investments LLC raised its holdings in shares of Intuit by 118.1% during the third quarter. Oakbrook Investments LLC now owns 21,425 shares of the software maker’s stock worth $3,045,000 after acquiring an additional 11,600 shares during the period. Schroder Investment Management Group raised its holdings in shares of Intuit by 218.4% during the second quarter. Schroder Investment Management Group now owns 229,027 shares of the software maker’s stock worth $30,483,000 after acquiring an additional 157,101 shares during the period. Asset Advisors Corp raised its holdings in shares of Intuit by 2.5% during the third quarter. Asset Advisors Corp now owns 92,565 shares of the software maker’s stock worth $13,157,000 after acquiring an additional 2,300 shares during the period. Finally, State Treasurer State of Michigan raised its holdings in shares of Intuit by 0.3% during the second quarter. State Treasurer State of Michigan now owns 79,984 shares of the software maker’s stock worth $10,623,000 after acquiring an additional 200 shares during the period. Institutional investors own 86.10% of the company’s stock.
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In related news, CFO R Neil Williams sold 184,585 shares of Intuit stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the completion of the sale, the chief financial officer now owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of Intuit stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $144.20, for a total transaction of $257,108.60. Following the sale, the executive vice president now directly owns 2,675 shares of the company’s stock, valued at approximately $385,735. 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. Insiders own 5.70% of the company’s stock.
Shares of Intuit Inc. (NASDAQ INTU) traded up $0.32 on Wednesday, hitting $155.21. 946,500 shares of the stock were exchanged, compared to its average volume of 1,475,735. Intuit Inc. has a 52 week low of $109.96 and a 52 week high of $155.77. The company has a market cap of $39,492.85, a P/E ratio of 41.08, a PEG ratio of 2.73 and a beta of 1.18. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The company had revenue of $842.00 million during the quarter, compared to the consensus estimate of $808.82 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. analysts expect that Intuit Inc. will post 4.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, October 6th. This is an increase from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio (DPR) is 41.94%.
A number of brokerages recently commented on INTU. UBS AG began coverage on shares of Intuit in a report on Thursday, November 9th. They set a “neutral” rating and a $152.00 price objective on the stock. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a report on Wednesday, August 23rd. William Blair began coverage on shares of Intuit in a report on Tuesday, September 19th. They set an “outperform” rating on the stock. Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective on the stock in a report on Thursday, September 21st. Finally, Bank of America Corporation restated a “buy” rating and set a $145.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Intuit presently has a consensus rating of “Hold” and a consensus target price of $144.74.
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.
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