Pennsylvania Trust Co raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,847 shares of the software maker’s stock after purchasing an additional 1,597 shares during the quarter. Pennsylvania Trust Co’s holdings in Intuit were worth $3,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INTU. Fort L.P. purchased a new stake in shares of Intuit in the 2nd quarter valued at $120,000. Qube Research & Technologies Ltd boosted its holdings in shares of Intuit by 160.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 606 shares of the software maker’s stock valued at $124,000 after acquiring an additional 373 shares during the last quarter. Sun Life Financial INC boosted its holdings in shares of Intuit by 243.8% in the 2nd quarter. Sun Life Financial INC now owns 660 shares of the software maker’s stock valued at $135,000 after acquiring an additional 468 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at $176,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Intuit in the 2nd quarter valued at $185,000. Institutional investors and hedge funds own 87.03% of the company’s stock.

In related news, CEO Brad D. Smith sold 254,325 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $227.66, for a total transaction of $57,899,629.50. Following the sale, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at $94,580,208.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Henry Tayloe Stansbury sold 3,651 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of $221.54, for a total transaction of $808,842.54. Following the sale, the executive vice president now directly owns 4,048 shares in the company, valued at $896,793.92. The disclosure for this sale can be found here. Insiders have sold 622,236 shares of company stock worth $137,883,071 over the last three months. 5.59% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. BidaskClub downgraded shares of Intuit from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Argus upped their price objective on shares of Intuit from $250.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Stifel Nicolaus raised shares of Intuit from a “hold” rating to a “buy” rating and upped their price objective for the company from $197.00 to $240.00 in a report on Monday, June 18th. Oppenheimer upped their price objective on shares of Intuit from $224.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Finally, Guggenheim assumed coverage on shares of Intuit in a report on Tuesday, August 7th. They issued a “buy” rating and a $250.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Intuit has a consensus rating of “Buy” and a consensus price target of $224.29.

Shares of NASDAQ INTU opened at $204.44 on Thursday. Intuit Inc. has a 1 year low of $143.18 and a 1 year high of $231.84. The firm has a market cap of $58.82 billion, a P/E ratio of 45.13, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.16.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The firm had revenue of $988.00 million for the quarter, compared to the consensus estimate of $952.67 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that Intuit Inc. will post 5.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Wednesday, October 10th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $0.39. This represents a $1.88 dividend on an annualized basis and a yield of 0.92%. Intuit’s dividend payout ratio is 34.44%.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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