Brendel Financial Advisors LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 529 shares of the software maker’s stock, valued at approximately $340,000.
Several other large investors also recently modified their holdings of INTU. Nicholas Hoffman & Company LLC. boosted its stake in shares of Intuit by 933,957.5% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 3,801,614 shares of the software maker’s stock valued at $2,445,274,000 after buying an additional 3,801,207 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Intuit by 1,157.4% during the 4th quarter. Fisher Asset Management LLC now owns 1,203,273 shares of the software maker’s stock valued at $773,970,000 after purchasing an additional 1,107,581 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of Intuit by 537.2% during the 3rd quarter. Putnam Investments LLC now owns 1,137,235 shares of the software maker’s stock valued at $613,550,000 after purchasing an additional 958,753 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Intuit by 210.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 646,831 shares of the software maker’s stock valued at $348,972,000 after purchasing an additional 438,702 shares in the last quarter. Finally, Liontrust Investment Partners LLP bought a new position in shares of Intuit during the 3rd quarter valued at $181,491,000. 83.42% of the stock is owned by institutional investors.
In other Intuit news, EVP Laura A. Fennell sold 59,286 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Alexander Chriss sold 368 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $478.84, for a total transaction of $176,213.12. The disclosure for this sale can be found here. 3.27% of the stock is owned by insiders.
Intuit (NASDAQ:INTU – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The software maker reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.26). The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.72 billion. Intuit had a net margin of 19.03% and a return on equity of 20.37%. Intuit’s quarterly revenue was up 69.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, equities research analysts anticipate that Intuit Inc. will post 8.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 11th were given a $0.68 dividend. The ex-dividend date was Friday, April 8th. This represents a $2.72 dividend on an annualized basis and a yield of 0.73%. Intuit’s dividend payout ratio (DPR) is presently 34.69%.
A number of research firms have recently weighed in on INTU. Bank of America cut their price target on shares of Intuit from $750.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Oppenheimer cut their price target on shares of Intuit from $696.00 to $588.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Piper Sandler cut their price target on shares of Intuit from $770.00 to $674.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. StockNews.com assumed coverage on shares of Intuit in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Edward Jones upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Friday, March 11th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Buy” and a consensus price target of $611.45.
Intuit Profile (Get Rating)
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.
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