Howland Capital Management LLC Has $2,374,000 Stake in Intuit Inc. (INTU)
Howland Capital Management LLC held its position in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, Holdings Channel reports. The fund owned 21,580 shares of the company’s stock at the end of the third quarter. Howland Capital Management LLC’s holdings in Intuit were worth $2,374,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. LPL Financial LLC raised its stake in shares of Intuit by 0.8% in the first quarter. LPL Financial LLC now owns 18,619 shares of the company’s stock worth $1,935,000 after buying an additional 155 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Intuit by 8.0% in the first quarter. First Republic Investment Management Inc. now owns 35,292 shares of the company’s stock worth $3,670,000 after buying an additional 2,625 shares in the last quarter. Pensionfund Sabic acquired a new stake in shares of Intuit during the second quarter worth approximately $1,897,000. Pensionfund DSM Netherlands acquired a new stake in shares of Intuit during the second quarter worth approximately $4,130,000. Finally, Baxter Bros Inc. acquired a new stake in shares of Intuit during the second quarter worth approximately $9,130,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Inc. (NASDAQ:INTU) traded up 0.39% during midday trading on Tuesday, reaching $116.16. 1,480,416 shares of the company traded hands. Intuit Inc. has a one year low of $88.17 and a one year high of $116.97. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 31.08 and a beta of 1.08. The firm has a 50-day moving average price of $109.63 and a 200-day moving average price of $109.78.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 17th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The firm earned $778 million during the quarter, compared to analyst estimates of $754.36 million. During the same period last year, the firm posted $0.09 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Intuit Inc. will post $4.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 18th. Investors of record on Tuesday, January 10th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, January 6th. Intuit’s dividend payout ratio (DPR) is currently 36.27%.
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A number of analysts have recently commented on INTU shares. Evercore ISI started coverage on shares of Intuit in a research report on Wednesday, November 16th. They issued a “hold” rating on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $105.00 price objective on shares of Intuit in a research report on Thursday, August 25th. Royal Bank Of Canada cut their price objective on shares of Intuit from $113.00 to $93.00 and set a “sector perform” rating on the stock in a research report on Monday, August 15th. Credit Suisse Group AG restated a “neutral” rating and set a $100.00 target price on shares of Intuit in a report on Wednesday, August 24th. Finally, RBC Capital Markets restated a “hold” rating and set a $108.00 target price on shares of Intuit in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $200.83.
In related news, EVP Henry Tayloe Stansbury sold 1,871 shares of Intuit stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $109.19, for a total value of $204,294.49. Following the completion of the sale, the executive vice president now owns 2,541 shares of the company’s stock, valued at approximately $277,451.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO R Neil Williams sold 18,567 shares of Intuit stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $111.47, for a total value of $2,069,663.49. Following the completion of the sale, the chief financial officer now directly owns 4,727 shares of the company’s stock, valued at approximately $526,918.69. The disclosure for this sale can be found here. 5.70% of the stock is owned by corporate insiders.
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 Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.
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