Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 30.4% during the third quarter, Holdings Channel reports. The fund owned 74,327 shares of the company’s stock after buying an additional 17,342 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intuit were worth $8,177,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Johnson Financial Group Inc. increased its stake in shares of Intuit by 563.9% in the second quarter. Johnson Financial Group Inc. now owns 1,029 shares of the company’s stock valued at $115,000 after buying an additional 874 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of Intuit by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock valued at $123,000 after buying an additional 900 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Intuit by 95.6% in the third quarter. Penserra Capital Management LLC now owns 1,379 shares of the company’s stock valued at $151,000 after buying an additional 674 shares in the last quarter. MSI Financial Services Inc increased its stake in shares of Intuit by 1.0% in the third quarter. MSI Financial Services Inc now owns 1,385 shares of the company’s stock valued at $152,000 after buying an additional 14 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in shares of Intuit by 1.3% in the third quarter. Alpha Windward LLC now owns 1,582 shares of the company’s stock valued at $174,000 after buying an additional 20 shares in the last quarter. 84.63% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Intuit Inc. (NASDAQ:INTU) traded down 0.15% during mid-day trading on Friday, hitting $116.87. 47,564 shares of the stock were exchanged. Intuit Inc. has a 52 week low of $88.17 and a 52 week high of $118.65. The stock’s 50-day moving average is $116.11 and its 200 day moving average is $111.76. The company has a market capitalization of $29.99 billion, a PE ratio of 31.27 and a beta of 1.07.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business earned $778 million during the quarter, compared to analyst estimates of $754.36 million. Intuit had a net margin of 20.59% and a return on equity of 82.77%. Intuit’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. On average, analysts anticipate that Intuit Inc. will post $4.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, January 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.16%. Intuit’s dividend payout ratio (DPR) is presently 36.27%.

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Several brokerages have recently issued reports on INTU. Brean Capital reissued a “buy” rating and set a $135.00 price objective on shares of Intuit in a research report on Wednesday, December 28th. Zacks Investment Research downgraded shares of Intuit from a “hold” rating to a “sell” rating in a research report on Thursday, November 24th. Evercore ISI reaffirmed a “hold” rating on shares of Intuit in a research report on Wednesday, December 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $130.00 target price on shares of Intuit in a research report on Friday, November 18th. Finally, J P Morgan Chase & Co reaffirmed a “hold” rating and issued a $114.00 target price on shares of Intuit in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $200.83.

In other Intuit news, EVP Henry Tayloe Stansbury sold 26,189 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $115.59, for a total transaction of $3,027,186.51. Following the completion of the sale, the executive vice president now owns 26,859 shares in the company, valued at approximately $3,104,631.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark J. Flournoy sold 1,892 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $115.47, for a total transaction of $218,469.24. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

About Intuit

Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

5 Day Chart for NASDAQ:INTU

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