Thematics Asset Management Sells 3,363 Shares of Intuit Inc. (NASDAQ:INTU)

Thematics Asset Management lowered its position in Intuit Inc. (NASDAQ:INTUFree Report) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,581 shares of the software maker’s stock after selling 3,363 shares during the period. Thematics Asset Management’s holdings in Intuit were worth $9,739,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Veritas Investment Partners UK Ltd. raised its stake in shares of Intuit by 18.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 399,945 shares of the software maker’s stock valued at $250,046,000 after acquiring an additional 63,438 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Intuit by 8.5% in the fourth quarter. Schroder Investment Management Group now owns 868,887 shares of the software maker’s stock valued at $543,080,000 after acquiring an additional 67,776 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Intuit in the fourth quarter valued at approximately $563,000. Prudential PLC raised its stake in shares of Intuit by 4.9% in the fourth quarter. Prudential PLC now owns 15,871 shares of the software maker’s stock valued at $9,920,000 after acquiring an additional 746 shares during the last quarter. Finally, Privium Fund Management UK Ltd bought a new position in shares of Intuit in the fourth quarter valued at approximately $1,065,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.2 %

INTU traded up $1.25 during trading on Friday, hitting $573.90. The company had a trading volume of 1,048,593 shares, compared to its average volume of 1,577,047. The company has a market capitalization of $160.43 billion, a PE ratio of 52.94, a PEG ratio of 3.28 and a beta of 1.21. Intuit Inc. has a one year low of $419.30 and a one year high of $676.62. The firm’s 50-day moving average price is $622.14 and its 200 day moving average price is $623.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.32.

Intuit (NASDAQ:INTUGet Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 EPS for the quarter, beating the consensus estimate of $8.12 by $1.76. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.80 EPS. As a group, equities analysts expect that Intuit Inc. will post 11.72 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be given a $0.90 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.63%. Intuit’s dividend payout ratio is currently 33.21%.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total value of $44,838,750.00. Following the sale, the insider now directly owns 6,791,469 shares of the company’s stock, valued at approximately $4,060,279,741.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intuit news, insider Scott D. Cook sold 14,748 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $567.40, for a total transaction of $8,368,015.20. Following the sale, the insider now directly owns 6,701,721 shares of the company’s stock, valued at approximately $3,802,556,495.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $597.85, for a total transaction of $44,838,750.00. Following the sale, the insider now directly owns 6,791,469 shares in the company, valued at $4,060,279,741.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,908 shares of company stock valued at $54,521,562. 2.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INTU shares. Wells Fargo & Company raised their price target on shares of Intuit from $725.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Stifel Nicolaus lowered their price target on shares of Intuit from $720.00 to $690.00 and set a “buy” rating for the company in a report on Friday, May 24th. Piper Sandler raised their price target on shares of Intuit from $750.00 to $760.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Jefferies Financial Group raised their price target on shares of Intuit from $760.00 to $770.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Oppenheimer raised their price target on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $679.41.

View Our Latest Stock Report on Intuit

About Intuit

(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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