Thrivent Financial For Lutherans raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,210 shares of the software maker’s stock after purchasing an additional 270 shares during the period. Thrivent Financial For Lutherans’ holdings in Intuit were worth $1,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTU. Mawer Investment Management Ltd. increased its stake in shares of Intuit by 6.0% during the first quarter. Mawer Investment Management Ltd. now owns 678,109 shares of the software maker’s stock valued at $78,652,000 after purchasing an additional 38,496 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Intuit by 110.1% during the first quarter. Quantbot Technologies LP now owns 171,700 shares of the software maker’s stock valued at $19,915,000 after purchasing an additional 89,984 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Intuit by 0.5% during the first quarter. Prudential Financial Inc. now owns 1,448,176 shares of the software maker’s stock valued at $167,974,000 after purchasing an additional 7,784 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Intuit by 22.4% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 393,615 shares of the software maker’s stock valued at $45,655,000 after purchasing an additional 72,022 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Intuit by 5.9% during the first quarter. Stifel Financial Corp now owns 424,497 shares of the software maker’s stock valued at $49,238,000 after purchasing an additional 23,838 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

In other Intuit news, EVP Sasan K. Goodarzi sold 98,901 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $135.22, for a total transaction of $13,373,393.22. Following the transaction, the executive vice president now owns 7,801 shares in the company, valued at approximately $1,054,851.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total transaction of $257,108.60. Following the transaction, the executive vice president now owns 2,675 shares in the company, valued at approximately $385,735. 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 in the last 90 days. 5.70% of the stock is currently owned by company insiders.

INTU has been the subject of a number of analyst reports. Argus initiated coverage on shares of Intuit in a research note on Wednesday, September 20th. They set a “buy” rating and a $165.00 target price for the company. Moffett Nathanson initiated coverage on shares of Intuit in a research note on Thursday, September 7th. They set a “buy” rating and a $150.00 target price for the company. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Monday, August 28th. Jefferies Group LLC initiated coverage on shares of Intuit in a research note on Thursday, August 24th. They set a “buy” rating and a $157.00 target price for the company. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $145.00 target price on shares of Intuit in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $142.74.

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Shares of Intuit Inc. (NASDAQ INTU) opened at 142.67 on Thursday. The company has a 50-day moving average of $140.97 and a 200 day moving average of $132.97. Intuit Inc. has a one year low of $103.22 and a one year high of $146.72. The stock has a market cap of $36.38 billion, a PE ratio of 38.35 and a beta of 1.15.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. During the same quarter in the prior year, the business posted $0.08 EPS. Intuit’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts predict that Intuit Inc. will post $4.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.39 per share. This is a positive change from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.09%. Intuit’s dividend payout ratio is presently 36.56%.

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.

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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