Fuller & Thaler Asset Management Inc. Has $540,000 Position in Intuit Inc. (INTU)
Fuller & Thaler Asset Management Inc. cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 19.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the software maker’s stock after selling 900 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Intuit were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of INTU. Exane Derivatives purchased a new stake in Intuit in the 3rd quarter worth approximately $105,000. Captrust Financial Advisors purchased a new stake in Intuit in the 2nd quarter worth approximately $108,000. Shine Investment Advisory Services Inc. purchased a new stake in Intuit in the 2nd quarter worth approximately $123,000. Harvest Fund Management Co. Ltd purchased a new stake in Intuit in the 2nd quarter worth approximately $140,000. Finally, ETF Managers Group LLC purchased a new stake in Intuit in the 2nd quarter worth approximately $140,000. Institutional investors own 86.57% of the company’s stock.
In related news, insider Scott D. Cook sold 183,333 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $141.16, for a total transaction of $25,879,286.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $142.31, for a total value of $265,835.08. Following the transaction, the vice president now directly owns 1,713 shares of the company’s stock, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 619,922 shares of company stock valued at $88,387,321. 5.70% of the stock is owned by corporate insiders.
Intuit Inc. (NASDAQ INTU) opened at $153.91 on Friday. Intuit Inc. has a 52-week low of $111.48 and a 52-week high of $158.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.73 and a current ratio of 0.67. The firm has a market capitalization of $39,347.09, a P/E ratio of 41.15, a P/E/G ratio of 2.76 and a beta of 1.18.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The company had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities analysts forecast that Intuit Inc. will post 3.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 41.38%.
Several equities research analysts have weighed in on INTU shares. Jefferies Group LLC started coverage on Intuit in a report on Thursday, August 24th. They issued a “buy” rating and a $157.00 price objective for the company. UBS AG started coverage on Intuit in a report on Thursday, November 9th. They issued a “neutral” rating and a $152.00 price objective for the company. Oppenheimer Holdings, Inc. increased their price objective on Intuit from $141.00 to $146.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. Bank of America Corporation reiterated a “buy” rating and issued a $145.00 price objective on shares of Intuit in a report on Wednesday, August 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of Intuit in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Intuit currently has an average rating of “Hold” and an average price target of $152.89.
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.
Receive News & Ratings for Intuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.