Intuit Inc. (INTU) Shares Sold by YHB Investment Advisors Inc.
YHB Investment Advisors Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,065 shares of the software maker’s stock after selling 4,340 shares during the period. YHB Investment Advisors Inc.’s holdings in Intuit were worth $4,273,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. FineMark National Bank & Trust raised its stake in shares of Intuit by 0.4% in the second quarter. FineMark National Bank & Trust now owns 2,716 shares of the software maker’s stock valued at $361,000 after acquiring an additional 11 shares during the last quarter. Cue Financial Group Inc. raised its stake in shares of Intuit by 0.3% in the second quarter. Cue Financial Group Inc. now owns 7,004 shares of the software maker’s stock valued at $930,000 after acquiring an additional 20 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Intuit by 0.4% in the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock valued at $935,000 after acquiring an additional 27 shares during the last quarter. Bank of Hawaii raised its stake in shares of Intuit by 1.2% in the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock valued at $333,000 after acquiring an additional 30 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Intuit by 0.6% in the second quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock valued at $743,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.
A number of research firms have recently issued reports on INTU. UBS AG began coverage on shares of Intuit in a research note on Thursday. They issued a “neutral” rating and a $152.00 target price for the company. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 target price for the company in a research note on Wednesday, August 23rd. William Blair began coverage on shares of Intuit in a research note on Tuesday, September 19th. They issued an “outperform” rating for the company. Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price for the company in a research note on Thursday, September 21st. Finally, Bank of America Corporation restated a “buy” rating and issued a $145.00 price objective on shares of Intuit in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $144.74.
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In other news, EVP Sasan K. Goodarzi sold 98,901 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $135.22, for a total value of $13,373,393.22. Following the completion of the transaction, the executive vice president now owns 7,801 shares of the company’s stock, valued at approximately $1,054,851.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Henry Tayloe Stansbury sold 5,350 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $140.25, for a total transaction of $750,337.50. Following the completion of the transaction, the executive vice president now directly owns 6,242 shares of the company’s stock, valued at approximately $875,440.50. The disclosure for this sale can be found here. Insiders sold a total of 1,084,194 shares of company stock valued at $151,162,540 in the last three months. 5.70% of the stock is owned by company insiders.
Intuit Inc. (NASDAQ INTU) traded up $0.89 on Friday, reaching $153.30. 712,000 shares of the company’s stock were exchanged, compared to its average volume of 959,277. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.32. Intuit Inc. has a 12-month low of $108.70 and a 12-month high of $154.19. The firm has a market cap of $39,087.52, a price-to-earnings ratio of 40.66, a PEG ratio of 2.70 and a beta of 1.18.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The firm had revenue of $842.00 million during the quarter, compared to analyst estimates of $808.82 million. During the same quarter in the previous year, the business earned $0.08 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that Intuit Inc. will post 4.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th were issued a $0.39 dividend. This is a positive change from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.02%. Intuit’s payout ratio is 41.94%.
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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