Intuit Inc. (INTU) Holdings Lifted by Mawer Investment Management Ltd.
Mawer Investment Management Ltd. grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,407 shares of the software maker’s stock after acquiring an additional 46,218 shares during the period. Mawer Investment Management Ltd. owned about 0.22% of Intuit worth $80,238,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Exane Derivatives acquired a new position in Intuit during the 3rd quarter worth $105,000. Captrust Financial Advisors acquired a new position in Intuit during the 2nd quarter worth $108,000. Shine Investment Advisory Services Inc. acquired a new position in Intuit during the 2nd quarter worth $123,000. Harvest Fund Management Co. Ltd acquired a new position in Intuit during the 2nd quarter worth $140,000. Finally, ETF Managers Group LLC acquired a new position in Intuit during the 2nd quarter worth $140,000. 86.57% of the stock is owned by institutional investors.
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In other Intuit news, EVP Henry Tayloe Stansbury sold 28,048 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.19, for a total transaction of $4,100,337.12. Following the transaction, the executive vice president now owns 28,940 shares of the company’s stock, valued at approximately $4,230,738.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Scott D. Cook sold 182,037 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $135.20, for a total transaction of $24,611,402.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,084,194 shares of company stock worth $151,162,540. 5.70% of the stock is owned by corporate insiders.
Intuit Inc. (NASDAQ:INTU) traded up $1.23 during trading on Tuesday, reaching $157.78. 1,870,600 shares of the company’s stock traded hands, compared to its average volume of 1,475,816. The firm has a market cap of $40,180.00, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 0.73. Intuit Inc. has a 52-week low of $111.48 and a 52-week high of $158.90.
Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The firm had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. Intuit’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. equities research analysts anticipate that Intuit Inc. will post 4.03 earnings per share for the current year.
A number of research analysts have recently issued reports on INTU shares. Zacks Investment Research downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Jefferies Group LLC started coverage on shares of Intuit in a research report on Thursday, August 24th. They issued a “buy” rating and a $157.00 price target on the stock. Deutsche Bank AG restated a “buy” rating and issued a $150.00 price target on shares of Intuit in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $166.00 price target on shares of Intuit in a research report on Tuesday. Finally, Citigroup Inc. raised their price target on shares of Intuit to $170.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $154.72.
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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