Quantbot Technologies LP lowered its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 55.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,493 shares of the software maker’s stock after selling 65,292 shares during the quarter. Intuit makes up 0.7% of Quantbot Technologies LP’s portfolio, making the stock its 16th biggest holding. Quantbot Technologies LP’s holdings in Intuit were worth $7,319,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Exane Derivatives bought a new position in Intuit during the third quarter valued at approximately $105,000. Captrust Financial Advisors bought a new position in Intuit during the second quarter valued at approximately $108,000. Shine Investment Advisory Services Inc. bought a new position in Intuit during the second quarter valued at approximately $123,000. Harvest Fund Management Co. Ltd bought a new position in Intuit during the second quarter valued at approximately $140,000. Finally, ETF Managers Group LLC bought a new position in Intuit during the second quarter valued at approximately $140,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.

INTU has been the subject of a number of research reports. Argus initiated coverage on Intuit in a research note on Wednesday, September 20th. They set a “buy” rating and a $165.00 price target for the company. Moffett Nathanson initiated coverage on Intuit in a research note on Thursday, September 7th. They set a “buy” rating and a $150.00 price target for the company. Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Monday, August 28th. Jefferies Group LLC initiated coverage on Intuit in a research note on Thursday, August 24th. They set a “buy” rating and a $157.00 price target for the company. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 price target on shares of Intuit in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Intuit presently has an average rating of “Hold” and a consensus price target of $147.16.

Shares of Intuit Inc. (INTU) traded down $1.35 during midday trading on Thursday, hitting $153.86. The stock had a trading volume of 1,659,000 shares, compared to its average volume of 1,476,565. 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 12-month low of $109.96 and a 12-month high of $156.46. The stock has a market capitalization of $39,900.00, a P/E ratio of 41.17, a price-to-earnings-growth ratio of 2.73 and a beta of 1.18.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $842.00 million for the quarter, compared to the consensus estimate of $808.82 million. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. research analysts expect that Intuit Inc. will post 4.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.39 per share. This is an increase from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, October 6th. Intuit’s dividend payout ratio (DPR) is presently 41.82%.

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In other Intuit news, Chairman Scott D. Cook sold 182,037 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $135.20, for a total transaction of $24,611,402.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $142.31, for a total value of $265,835.08. Following the transaction, the vice president now owns 1,713 shares in the company, valued at $243,777.03. The disclosure for this sale can be found here. Insiders have sold a total of 1,084,194 shares of company stock worth $151,162,540 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

Intuit 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.

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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