Intuit Inc. (INTU) Shares Sold by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,628 shares of the software maker’s stock after selling 330 shares during the period. Rothschild Asset Management Inc.’s holdings in Intuit were worth $482,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Alpha Windward LLC increased its stake in Intuit by 1.1% in the first quarter. Alpha Windward LLC now owns 2,287 shares of the software maker’s stock worth $265,000 after buying an additional 25 shares during the period. Fox Run Management L.L.C. bought a new stake in Intuit during the first quarter worth about $522,000. Harvest Capital Management Inc increased its stake in Intuit by 3.1% in the first quarter. Harvest Capital Management Inc now owns 2,010 shares of the software maker’s stock worth $233,000 after buying an additional 60 shares during the period. Oliver Luxxe Assets LLC increased its stake in Intuit by 7.3% in the first quarter. Oliver Luxxe Assets LLC now owns 2,654 shares of the software maker’s stock worth $308,000 after buying an additional 181 shares during the period. Finally, Palisade Capital Management LLC NJ increased its stake in Intuit by 3.2% in the first quarter. Palisade Capital Management LLC NJ now owns 5,315 shares of the software maker’s stock worth $616,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.
Intuit Inc. (NASDAQ INTU) opened at 136.60 on Friday. The company’s 50-day moving average is $135.04 and its 200 day moving average is $127.75. The stock has a market cap of $35.00 billion, a PE ratio of 39.25 and a beta of 1.15. Intuit Inc. has a 52 week low of $103.22 and a 52 week high of $143.81.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.87 by $0.03. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business earned $3.43 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts expect that Intuit Inc. will post $4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, July 6th. Intuit’s dividend payout ratio (DPR) is presently 39.19%.
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INTU has been the subject of a number of research analyst reports. Barclays PLC decreased their price objective on shares of Intuit from $129.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, April 24th. Benchmark Co. initiated coverage on shares of Intuit in a report on Thursday, April 27th. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of Intuit from $126.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 24th. Stifel Nicolaus raised their price objective on shares of Intuit from $115.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 24th. Finally, Deutsche Bank AG raised their price objective on shares of Intuit from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Intuit has an average rating of “Buy” and an average price target of $135.63.
In related news, EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis D. Powell sold 16,686 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $136.82, for a total transaction of $2,282,978.52. Following the completion of the sale, the director now directly owns 4,554 shares of the company’s stock, valued at $623,078.28. The disclosure for this sale can be found here. Insiders sold a total of 151,265 shares of company stock worth $21,085,104 in the last quarter. Company insiders own 5.70% of the company’s stock.
Intuit Company 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.
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