Dowling & Yahnke LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 14,778 shares of the software maker’s stock after buying an additional 17 shares during the period. Dowling & Yahnke LLC’s holdings in Intuit were worth $1,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Intuit during the second quarter worth about $123,000. Guardian Life Insurance Co. of America increased its stake in shares of Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after buying an additional 5 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock worth $126,000 after buying an additional 59 shares during the period. Greenleaf Trust acquired a new stake in shares of Intuit during the second quarter worth about $216,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Intuit during the first quarter worth about $208,000. Institutional investors and hedge funds own 85.18% of the company’s stock.

Shares of Intuit Inc. (NASDAQ:INTU) opened at 138.89 on Tuesday. The company has a 50-day moving average price of $135.00 and a 200-day moving average price of $128.02. The company has a market cap of $35.59 billion, a P/E ratio of 39.91 and a beta of 1.15. Intuit Inc. has a 52-week low of $103.22 and a 52-week high of $143.81.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.03. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company earned $3.43 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Intuit Inc. will post $4.39 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, July 6th. Intuit’s payout ratio is presently 39.19%.

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A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Intuit from $115.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, May 24th. Credit Suisse Group lifted their price target on Intuit from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Citigroup Inc. downgraded Intuit from a “buy” rating to a “neutral” rating and dropped their price target for the company from $148.00 to $141.00 in a research report on Monday, June 26th. Royal Bank Of Canada lifted their price target on Intuit from $126.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 24th. Finally, CIBC lifted their price target on Intuit from $125.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $135.63.

In other news, EVP Daniel A. Wernikoff sold 15,684 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $140.50, for a total value of $2,203,602.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis D. Powell sold 16,686 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $136.82, for a total value of $2,282,978.52. Following the completion of the sale, the director now directly owns 4,554 shares of the company’s stock, valued at $623,078.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,265 shares of company stock valued at $21,085,104. 5.70% of the stock is owned by corporate insiders.

Intuit Company Profile

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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