Commonwealth Equity Services Inc increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,608 shares of the software maker’s stock after buying an additional 515 shares during the period. Commonwealth Equity Services Inc’s holdings in Intuit were worth $1,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Janus Henderson Group PLC boosted its holdings in shares of Intuit by 612.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after buying an additional 2,236,974 shares during the period. Koch Industries Inc. boosted its holdings in shares of Intuit by 38,665.6% during the 2nd quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock worth $1,428,000 after buying an additional 1,434,880 shares during the period. Fundsmith LLP bought a new stake in Intuit in the 2nd quarter valued at $144,464,000. Old Mutual Global Investors UK Ltd. bought a new stake in Intuit in the 2nd quarter valued at $136,099,000. Finally, Harbour Capital Advisors LLC boosted its holdings in Intuit by 21,749.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 887,304 shares of the software maker’s stock valued at $6,681,000 after purchasing an additional 883,243 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

In other Intuit news, VP Mark J. Flournoy sold 1,868 shares of Intuit stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the transaction, the vice president now owns 1,713 shares of the company’s stock, valued at $243,777.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 5,350 shares of Intuit stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $140.25, for a total transaction of $750,337.50. Following the completion of the transaction, the executive vice president now directly owns 6,242 shares in the company, valued at approximately $875,440.50. The disclosure for this sale can be found here. Insiders sold a total of 619,922 shares of company stock worth $88,387,321 in the last ninety days. Insiders own 5.70% of the company’s stock.

A number of brokerages have weighed in on INTU. UBS AG increased their price target on shares of Intuit from $152.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley increased their price target on shares of Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Tuesday. Stifel Nicolaus reissued a “hold” rating and issued a $148.00 price target on shares of Intuit in a report on Tuesday. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target for the company in a report on Wednesday, August 23rd. Finally, Barclays PLC increased their price target on shares of Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $152.89.

Shares of Intuit Inc. (NASDAQ:INTU) opened at $151.63 on Friday. The stock has a market cap of $38,764.18, a PE ratio of 40.54, a P/E/G ratio of 2.72 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.35. Intuit Inc. has a 1 year low of $111.48 and a 1 year high of $158.90.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.30. The firm had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. analysts expect that Intuit Inc. will post 3.96 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.38%.

ILLEGAL ACTIVITY NOTICE: “Commonwealth Equity Services Inc Has $1.79 Million Stake in Intuit Inc. (INTU)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/24/commonwealth-equity-services-inc-has-1-79-million-stake-in-intuit-inc-intu.html.

Intuit 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)

Receive News & Stock Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related stocks with our FREE daily email newsletter.