Peloton Wealth Strategists raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 769.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,661 shares of the software maker's stock after purchasing an additional 3,240 shares during the quarter. Peloton Wealth Strategists' holdings in Intuit were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of INTU. LVW Advisors LLC grew its stake in Intuit by 20.5% in the 2nd quarter. LVW Advisors LLC now owns 394 shares of the software maker's stock valued at $259,000 after acquiring an additional 67 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Intuit by 7.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,408 shares of the software maker's stock valued at $8,155,000 after buying an additional 837 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in Intuit by 10.5% during the 2nd quarter. WASHINGTON TRUST Co now owns 168 shares of the software maker's stock valued at $110,000 after buying an additional 16 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new position in Intuit during the second quarter worth $408,000. Finally, M&G Plc raised its holdings in shares of Intuit by 4.4% in the second quarter. M&G Plc now owns 36,648 shares of the software maker's stock worth $24,078,000 after acquiring an additional 1,542 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.
In other news, Director Eve B. Burton sold 2,988 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 775 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the sale, the chief financial officer now owns 4,451 shares of the company's stock, valued at $2,676,430.81. The trade was a 14.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,324 shares of company stock valued at $75,803,690 over the last three months. 2.68% of the stock is owned by insiders.
NASDAQ:INTU opened at $646.47 on Monday. The business's 50-day moving average is $635.08 and its two-hundred day moving average is $630.54. The firm has a market capitalization of $180.96 billion, a PE ratio of 62.76, a price-to-earnings-growth ratio of 3.19 and a beta of 1.25. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The business's quarterly revenue was up 10.2% on a year-over-year basis. Research analysts predict that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $4.16 dividend on an annualized basis and a yield of 0.64%. Intuit's dividend payout ratio (DPR) is 40.39%.
Several brokerages recently weighed in on INTU. Royal Bank of Canada reissued an "outperform" rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. Stifel Nicolaus decreased their target price on shares of Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on Intuit from $685.00 to $730.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Oppenheimer raised their price objective on Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, Bank of America upped their target price on Intuit from $730.00 to $780.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $737.44.
Get Our Latest Stock Analysis on Intuit
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.
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