Intuit Inc. (INTU) Shares Bought by Daiwa SB Investments Ltd.
Daiwa SB Investments Ltd. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 41.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,270 shares of the software maker’s stock after buying an additional 1,540 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Intuit were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. Moody National Bank Trust Division purchased a new position in shares of Intuit during the fourth quarter valued at about $35,000. Csenge Advisory Group purchased a new position in shares of Intuit during the third quarter valued at about $54,000. Oakworth Capital Inc. increased its position in shares of Intuit by 2,480.0% during the third quarter. Oakworth Capital Inc. now owns 516 shares of the software maker’s stock valued at $117,000 after buying an additional 496 shares during the period. Willingdon Wealth Management purchased a new position in shares of Intuit during the third quarter valued at about $121,000. Finally, Financial Gravity Wealth Inc. grew its holdings in Intuit by 65.0% in the third quarter. Financial Gravity Wealth Inc. now owns 609 shares of the software maker’s stock worth $122,000 after purchasing an additional 240 shares during the period. Institutional investors own 86.17% of the company’s stock.
INTU has been the topic of a number of recent research reports. BidaskClub cut shares of Intuit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Royal Bank of Canada cut shares of Intuit from an “outperform” rating to a “sector perform” rating and set a $197.05 price objective on the stock. in a report on Sunday, December 2nd. JPMorgan Chase & Co. cut shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price objective on the stock. in a report on Thursday, December 13th. Evercore ISI upgraded shares of Intuit from an “in-line” rating to an “outperform” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group set a $250.00 price objective on shares of Intuit and gave the stock a “buy” rating in a report on Monday, October 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $222.50.
NASDAQ:INTU opened at $209.81 on Wednesday. Intuit Inc. has a 52 week low of $150.43 and a 52 week high of $231.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $53.24 billion, a PE ratio of 46.32, a PEG ratio of 2.39 and a beta of 1.17.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.18. Intuit had a net margin of 20.71% and a return on equity of 56.35%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $971.45 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts predict that Intuit Inc. will post 5.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, January 10th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, January 9th. Intuit’s payout ratio is 41.50%.
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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