Schroder Investment Management Group Has $543.08 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Schroder Investment Management Group lifted its holdings in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 868,887 shares of the software maker’s stock after buying an additional 67,776 shares during the period. Intuit comprises about 0.7% of Schroder Investment Management Group’s portfolio, making the stock its 28th biggest holding. Schroder Investment Management Group’s holdings in Intuit were worth $543,080,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Intuit during the 4th quarter worth $25,000. MCF Advisors LLC raised its holdings in shares of Intuit by 119.0% during the 4th quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock worth $29,000 after buying an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Intuit during the 4th quarter worth $38,000. Sachetta LLC acquired a new position in shares of Intuit during the 4th quarter worth $39,000. Finally, Webster Bank N. A. acquired a new position in Intuit in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,415 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $855,480.70. Following the completion of the transaction, the chief financial officer now directly owns 2,332 shares of the company’s stock, valued at $1,409,880.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Sandeep Aujla sold 1,415 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total value of $855,480.70. Following the completion of the transaction, the chief financial officer now directly owns 2,332 shares of the company’s stock, valued at $1,409,880.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 465 shares of Intuit stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total value of $281,129.70. Following the sale, the executive vice president now directly owns 869 shares of the company’s stock, valued at approximately $525,380.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,908 shares of company stock valued at $54,521,562. Company insiders own 2.90% of the company’s stock.

Intuit Stock Performance

Shares of INTU traded up $1.25 on Friday, reaching $573.90. 1,048,593 shares of the company’s stock traded hands, compared to its average volume of 1,577,047. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $160.43 billion, a PE ratio of 52.94, a PEG ratio of 3.28 and a beta of 1.21. The stock’s 50 day simple moving average is $622.14 and its two-hundred day simple moving average is $623.46. Intuit Inc. has a 52-week low of $419.30 and a 52-week high of $676.62.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, beating the consensus estimate of $8.12 by $1.76. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the company earned $7.80 earnings per share. Intuit’s revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that Intuit Inc. will post 11.72 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, July 10th. Intuit’s dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INTU shares. UBS Group upped their target price on Intuit from $625.00 to $670.00 and gave the stock a “neutral” rating in a report on Monday, May 20th. KeyCorp upped their price target on Intuit from $720.00 to $740.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Susquehanna reduced their price target on Intuit from $775.00 to $757.00 and set a “positive” rating on the stock in a research report on Friday, May 24th. Stifel Nicolaus reduced their price target on Intuit from $720.00 to $690.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Oppenheimer upped their price target on Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $679.41.

Read Our Latest Report on INTU

Intuit Profile

(Free Report)

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 ProTax.

See Also

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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