Outfitter Advisors LTD. Has $7.81 Million Stake in Intuit Inc. (INTU)
Outfitter Advisors LTD. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,970 shares of the software maker’s stock after selling 542 shares during the period. Intuit accounts for approximately 2.8% of Outfitter Advisors LTD.’s holdings, making the stock its 5th biggest position. Outfitter Advisors LTD.’s holdings in Intuit were worth $7,813,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. lifted its stake in Intuit by 10.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,127,074 shares of the software maker’s stock valued at $160,202,000 after purchasing an additional 102,305 shares during the last quarter. Polaris Greystone Financial Group LLC acquired a new stake in Intuit during the third quarter valued at approximately $455,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Intuit by 14.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,920 shares of the software maker’s stock valued at $5,674,000 after purchasing an additional 4,967 shares during the last quarter. Empirical Finance LLC acquired a new stake in Intuit during the third quarter valued at approximately $203,000. Finally, Verity & Verity LLC lifted its stake in Intuit by 38.4% during the third quarter. Verity & Verity LLC now owns 2,110 shares of the software maker’s stock valued at $300,000 after purchasing an additional 585 shares during the last quarter. 86.17% of the stock is owned by institutional investors.
Intuit Inc. (INTU) traded down $1.08 during trading on Monday, reaching $152.56. 213,319 shares of the company’s stock traded hands, compared to its average volume of 1,001,955. The firm has a market cap of $39,174.13, a price-to-earnings ratio of 40.75, a PEG ratio of 2.71 and a beta of 1.18. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit Inc. has a 1 year low of $103.22 and a 1 year high of $154.04.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. research analysts expect that Intuit Inc. will post 4.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, October 6th. This is a positive change from Intuit’s previous quarterly dividend of $0.34. Intuit’s dividend payout ratio is currently 41.94%.
Several analysts recently commented on the stock. Oppenheimer Holdings, Inc. increased their target price on shares of Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and set a $132.00 target price on shares of Intuit in a research note on Friday, October 6th. Raymond James Financial, Inc. lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a research note on Wednesday, September 27th. Finally, UBS AG lowered shares of Intuit to an “underperform” rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Intuit currently has an average rating of “Hold” and a consensus target price of $143.42.
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In other news, CFO R Neil Williams sold 184,585 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $141.11, for a total transaction of $26,046,789.35. Following the transaction, the chief financial officer now owns 64,620 shares in the company, valued at approximately $9,118,528.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $142.31, for a total transaction of $265,835.08. Following the transaction, the vice president now owns 1,713 shares in the company, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,084,194 shares of company stock worth $151,162,540. Company insiders own 5.70% of the company’s stock.
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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