Chicago Capital LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,544 shares of the software maker’s stock after acquiring an additional 503 shares during the quarter. Chicago Capital LLC’s holdings in Intuit were worth $2,762,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Intuit by 2.5% during the second quarter. BlackRock Inc. now owns 20,667,701 shares of the software maker’s stock valued at $5,401,090,000 after purchasing an additional 503,291 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Intuit by 1.6% during the second quarter. Vanguard Group Inc. now owns 19,951,046 shares of the software maker’s stock valued at $5,213,806,000 after purchasing an additional 305,013 shares in the last quarter. State Street Corp grew its position in shares of Intuit by 1.1% during the third quarter. State Street Corp now owns 11,163,398 shares of the software maker’s stock valued at $2,968,794,000 after purchasing an additional 121,569 shares in the last quarter. Invesco Ltd. grew its position in shares of Intuit by 96.3% during the second quarter. Invesco Ltd. now owns 6,001,471 shares of the software maker’s stock valued at $1,568,367,000 after purchasing an additional 2,944,291 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Intuit by 4,951.7% during the second quarter. Nuveen Asset Management LLC now owns 4,988,508 shares of the software maker’s stock valued at $1,303,647,000 after purchasing an additional 4,889,759 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

In other Intuit news, Chairman Brad D. Smith sold 227,450 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $257.72, for a total transaction of $58,618,414.00. Following the completion of the transaction, the chairman now owns 549,985 shares in the company, valued at $141,742,134.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Scott D. Cook sold 73,357 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $256.08, for a total value of $18,785,260.56. The disclosure for this sale can be found here. Insiders have sold 527,369 shares of company stock valued at $136,763,551 in the last 90 days. Company insiders own 4.09% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered Intuit from a “buy” rating to a “hold” rating and set a $280.00 price objective for the company. in a research report on Monday, December 30th. ValuEngine lowered Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised their price objective on Intuit from $260.00 to $290.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Credit Suisse Group restated an “outperform” rating and set a $300.00 price objective on shares of Intuit in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $283.33.

INTU traded down $3.36 on Tuesday, hitting $272.68. The company had a trading volume of 1,194,351 shares, compared to its average volume of 1,150,635. The company has a market cap of $71.85 billion, a PE ratio of 48.87, a PEG ratio of 2.78 and a beta of 1.06. Intuit Inc. has a 12-month low of $205.38 and a 12-month high of $295.77. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $262.90 and its 200 day simple moving average is $268.37.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Intuit had a return on equity of 42.04% and a net margin of 22.79%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, analysts anticipate that Intuit Inc. will post 6.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, January 10th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $2.12 annualized dividend and a dividend yield of 0.78%. Intuit’s dividend payout ratio (DPR) is presently 37.99%.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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