Janus Henderson Group PLC Has $281.52 Million Stake in Intuit Inc. (INTU)
Janus Henderson Group PLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,980,580 shares of the software maker’s stock after selling 621,556 shares during the period. Janus Henderson Group PLC owned about 0.78% of Intuit worth $281,516,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in INTU. Exane Derivatives purchased a new stake in Intuit during the third quarter worth about $105,000. Captrust Financial Advisors purchased a new stake in Intuit during the second quarter worth about $108,000. Horan Capital Advisors LLC. purchased a new stake in Intuit during the third quarter worth about $114,000. Harvest Fund Management Co. Ltd purchased a new stake in Intuit during the second quarter worth about $140,000. Finally, ETF Managers Group LLC purchased a new stake in Intuit during the second quarter worth about $140,000. Institutional investors own 86.28% of the company’s stock.
Intuit Inc. (NASDAQ INTU) opened at $155.23 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. The firm has a market cap of $39,684.55, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18. Intuit Inc. has a 1 year low of $111.90 and a 1 year high of $158.90.
Intuit (NASDAQ:INTU) last issued its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. The firm had revenue of $886.00 million during the quarter, compared to analyst estimates of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. sell-side analysts expect that Intuit Inc. will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.00%. Intuit’s dividend payout ratio (DPR) is currently 41.38%.
In other news, insider Scott D. Cook sold 183,333 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $155.03, for a total value of $28,422,114.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $142.31, for a total transaction of $265,835.08. Following the completion of the transaction, the vice president now owns 1,713 shares of the company’s stock, valued at $243,777.03. The disclosure for this sale can be found here. Insiders sold 1,082,140 shares of company stock valued at $161,190,993 over the last 90 days. 5.59% of the stock is owned by company insiders.
A number of analysts recently issued reports on the stock. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective for the company in a report on Wednesday, August 23rd. William Blair assumed coverage on shares of Intuit in a report on Tuesday, September 19th. They set an “outperform” rating for the company. UBS downgraded shares of Intuit to an “underperform” rating in a report on Wednesday, September 27th. Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective for the company in a report on Thursday, September 21st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $141.00 price objective on shares of Intuit in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $152.89.
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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