YHB Investment Advisors Inc. Has $6.45 Million Stake in Intuit Inc. (INTU)
YHB Investment Advisors Inc. increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 13.8% during the fourth quarter, Holdings Channel reports. The fund owned 32,770 shares of the software maker’s stock after purchasing an additional 3,981 shares during the period. Intuit makes up 1.2% of YHB Investment Advisors Inc.’s holdings, making the stock its 27th largest position. YHB Investment Advisors Inc.’s holdings in Intuit were worth $6,451,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division bought a new stake in shares of Intuit in the 4th quarter worth approximately $35,000. Csenge Advisory Group acquired a new stake in shares of Intuit in the third quarter valued at about $54,000. Oakworth Capital Inc. increased its position in Intuit by 2,480.0% during the third quarter. Oakworth Capital Inc. now owns 516 shares of the software maker’s stock worth $117,000 after buying an additional 496 shares during the last quarter. Willingdon Wealth Management acquired a new position in Intuit during the third quarter worth approximately $121,000. Finally, Girard Partners LTD. acquired a new position in Intuit during the third quarter worth approximately $128,000. 86.17% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Henry Tayloe Stansbury sold 7,302 shares of Intuit stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $197.82, for a total transaction of $1,444,481.64. Following the completion of the sale, the executive vice president now directly owns 5,752 shares of the company’s stock, valued at approximately $1,137,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sasan K. Goodarzi sold 85,835 shares of Intuit stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $196.74, for a total transaction of $16,887,177.90. Following the sale, the executive vice president now directly owns 90,837 shares of the company’s stock, valued at $17,871,271.38. The disclosure for this sale can be found here. Insiders sold a total of 347,207 shares of company stock valued at $68,710,900 over the last quarter. 4.60% of the stock is owned by company insiders.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Monday, November 19th. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Intuit had a net margin of 20.71% and a return on equity of 56.35%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.45 million. During the same period in the previous year, the business earned $0.11 EPS. Intuit’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts expect that Intuit Inc. will post 5.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Thursday, January 10th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, January 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.91%. Intuit’s dividend payout ratio is 41.50%.
A number of research analysts have recently commented on INTU shares. BidaskClub cut Intuit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. cut shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price objective on the stock. in a research report on Thursday, December 13th. Deutsche Bank dropped their price target on shares of Intuit from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Argus raised their price target on shares of Intuit from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, Royal Bank of Canada raised shares of Intuit from a “sector perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research report on Monday, November 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $222.50.
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Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
Further Reading: Net Asset Value
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