OxFORD Asset Management LLP boosted its stake in Intuit Inc. (NASDAQ:INTU) by 79.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,895 shares of the software maker’s stock after buying an additional 46,591 shares during the period. Intuit makes up approximately 0.3% of OxFORD Asset Management LLP’s portfolio, making the stock its 27th biggest position. OxFORD Asset Management LLP’s holdings in Intuit were worth $14,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wetherby Asset Management Inc. increased its stake in Intuit by 0.4% during the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock worth $935,000 after purchasing an additional 27 shares during the period. Bank of Hawaii increased its stake in Intuit by 1.2% during the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock worth $333,000 after purchasing an additional 30 shares during the period. TCI Wealth Advisors Inc. increased its stake in Intuit by 0.6% during the second quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock worth $743,000 after purchasing an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Intuit by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,084 shares of the software maker’s stock worth $2,402,000 after purchasing an additional 59 shares during the period. Finally, Financial Advisors Network Inc. increased its stake in Intuit by 2.8% during the second quarter. Financial Advisors Network Inc. now owns 2,740 shares of the software maker’s stock worth $364,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Intuit Inc. (NASDAQ:INTU) traded up $3.00 during mid-day trading on Friday, hitting $157.22. 3,417,500 shares of the company were exchanged, compared to its average volume of 1,491,972. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. Intuit Inc. has a 12-month low of $111.48 and a 12-month high of $158.90. The stock has a market capitalization of $39,827.70, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 2.80 and a beta of 1.18.

Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The firm had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. sell-side analysts forecast that Intuit Inc. will post 3.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is 41.38%.

A number of analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating and set a $185.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Citigroup boosted their price target on shares of Intuit to $170.00 in a research note on Tuesday, November 21st. Stifel Nicolaus reiterated a “hold” rating and set a $148.00 price target on shares of Intuit in a research note on Tuesday, November 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $180.00 price target (up from $163.00) on shares of Intuit in a research note on Tuesday, November 21st. Finally, Oppenheimer reiterated a “buy” rating and set a $166.00 price target (up from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $152.89.

In related news, VP Mark J. Flournoy sold 13,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $155.56, for a total value of $2,088,237.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Tayloe Stansbury sold 15,415 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $141.27, for a total value of $2,177,677.05. Following the completion of the transaction, the executive vice president now directly owns 892 shares of the company’s stock, valued at $126,012.84. The disclosure for this sale can be found here. Insiders sold 1,097,555 shares of company stock valued at $160,825,842 over the last ninety days. 5.59% of the stock is currently owned by corporate insiders.

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About Intuit

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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