Jacobs & Co. CA trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,718 shares of the software maker’s stock after selling 245 shares during the quarter. Jacobs & Co. CA’s holdings in Intuit were worth $3,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. Janus Henderson Group PLC grew its holdings in Intuit by 28.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,752,482 shares of the software maker’s stock worth $1,241,949,000 after acquiring an additional 1,060,033 shares during the last quarter. FMR LLC grew its holdings in Intuit by 10.0% during the 1st quarter. FMR LLC now owns 10,219,799 shares of the software maker’s stock worth $2,671,557,000 after acquiring an additional 930,221 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in Intuit by 26,041.0% during the 1st quarter. Ellis Investment Partners LLC now owns 901,864 shares of the software maker’s stock worth $901,000 after acquiring an additional 898,414 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Intuit by 25.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,037,451 shares of the software maker’s stock worth $532,611,000 after acquiring an additional 416,794 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in Intuit by 27,128.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 364,319 shares of the software maker’s stock worth $36,432,000 after acquiring an additional 362,981 shares during the last quarter. 88.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:INTU traded down $5.68 during trading on Wednesday, reaching $273.47. The stock had a trading volume of 5,868 shares, compared to its average volume of 1,429,725. The business’s fifty day moving average is $274.33. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.10. Intuit Inc. has a 52 week low of $182.61 and a 52 week high of $284.97. The stock has a market capitalization of $70.57 billion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $5.55 EPS for the quarter, beating the Zacks’ consensus estimate of $5.12 by $0.43. Intuit had a net margin of 24.34% and a return on equity of 52.65%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the firm posted $4.82 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, research analysts predict that Intuit Inc. will post 5.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 10th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, July 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.69%. Intuit’s payout ratio is presently 41.50%.

In related news, Chairman Scott D. Cook sold 133,334 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $262.87, for a total transaction of $35,049,508.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Scott D. Cook sold 103,817 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $258.59, for a total transaction of $26,846,038.03. The disclosure for this sale can be found here. Insiders have sold a total of 277,296 shares of company stock worth $72,342,898 in the last quarter. 4.60% of the stock is owned by corporate insiders.

A number of research firms have weighed in on INTU. Morgan Stanley boosted their target price on shares of Intuit from $239.00 to $244.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. BidaskClub raised shares of Intuit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 9th. ValuEngine lowered shares of Intuit from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. UBS Group boosted their target price on shares of Intuit from $245.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Credit Suisse Group boosted their target price on shares of Intuit from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $254.15.

About Intuit

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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