First Republic Investment Management Inc. cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,300 shares of the software maker’s stock after selling 393 shares during the quarter. First Republic Investment Management Inc.’s holdings in Intuit were worth $4,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its position in Intuit by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 383,687 shares of the software maker’s stock worth $54,540,000 after buying an additional 3,284 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Intuit by 44.1% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 182,093 shares of the software maker’s stock worth $25,883,000 after buying an additional 55,754 shares during the period. AMP Capital Investors Ltd lifted its position in Intuit by 4.7% during the third quarter. AMP Capital Investors Ltd now owns 271,934 shares of the software maker’s stock worth $38,651,000 after buying an additional 12,247 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Intuit by 2.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 39,736 shares of the software maker’s stock worth $5,648,000 after buying an additional 1,096 shares during the period. Finally, Nippon Life Global Investors Americas Inc. raised its holdings in shares of Intuit by 5.2% in the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 54,410 shares of the software maker’s stock worth $7,733,000 after purchasing an additional 2,690 shares during the period. Hedge funds and other institutional investors own 86.28% of the company’s stock.

Shares of Intuit Inc. (NASDAQ:INTU) opened at $155.23 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit Inc. has a 12 month low of $111.90 and a 12 month high of $158.90. The stock has a market capitalization of $39,684.55, a PE ratio of 41.51, a PEG ratio of 2.79 and a beta of 1.18.

Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same quarter last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. analysts expect that Intuit Inc. will post 3.95 EPS for the current year.

The business 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. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.00%. Intuit’s dividend payout ratio (DPR) is currently 41.38%.

In other news, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $151.46, for a total value of $27,767,767.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 183,333 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $155.03, for a total value of $28,422,114.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,080,272 shares of company stock valued at $160,925,158. Insiders own 5.59% of the company’s stock.

A number of equities analysts have recently commented on INTU shares. Wells Fargo & Company upgraded 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. Raymond James Financial downgraded Intuit from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 27th. First Analysis upgraded 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. Royal Bank Of Canada restated a “hold” rating and issued a $141.00 price objective on shares of Intuit in a report on Thursday, August 24th. Finally, Zacks Investment Research downgraded Intuit from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $152.89.

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About Intuit

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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