Tokio Marine Asset Management Co. Ltd. Raises Position in Intuit Inc. (INTU)
Tokio Marine Asset Management Co. Ltd. increased its holdings in Intuit Inc. (NASDAQ:INTU) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,647 shares of the software maker’s stock after acquiring an additional 8,644 shares during the quarter. Intuit comprises about 1.5% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 17th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Intuit were worth $10,042,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INTU. Crossmark Global Holdings Inc. grew its position in Intuit by 21.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,566 shares of the software maker’s stock valued at $3,876,000 after purchasing an additional 4,277 shares during the last quarter. NorthCoast Asset Management LLC grew its position in Intuit by 29.5% during the 4th quarter. NorthCoast Asset Management LLC now owns 209,926 shares of the software maker’s stock valued at $33,122,000 after purchasing an additional 47,824 shares during the last quarter. Alps Advisors Inc. grew its position in Intuit by 101.1% during the 4th quarter. Alps Advisors Inc. now owns 7,611 shares of the software maker’s stock valued at $1,201,000 after purchasing an additional 3,827 shares during the last quarter. American Century Companies Inc. grew its position in Intuit by 0.6% during the 4th quarter. American Century Companies Inc. now owns 468,495 shares of the software maker’s stock valued at $73,919,000 after purchasing an additional 2,992 shares during the last quarter. Finally, Dowling & Yahnke LLC grew its position in Intuit by 3.3% during the 4th quarter. Dowling & Yahnke LLC now owns 15,067 shares of the software maker’s stock valued at $2,377,000 after purchasing an additional 477 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.
In related news, VP Mark J. Flournoy sold 13,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $155.56, for a total value of $2,088,237.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $151.46, for a total transaction of $27,767,767.64. The disclosure for this sale can be found here. In the last three months, insiders sold 965,938 shares of company stock worth $149,469,127. 5.59% of the stock is currently owned by insiders.
Shares of Intuit Inc. (NASDAQ:INTU) opened at $160.87 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $40,303.21, a PE ratio of 42.67, a PEG ratio of 2.84 and a beta of 1.19. Intuit Inc. has a 1-year low of $111.90 and a 1-year high of $170.59.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. The company had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. sell-side analysts forecast that Intuit Inc. will post 4.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Tuesday, January 9th. Intuit’s payout ratio is 41.38%.
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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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