Public Employees Retirement Association of Colorado Grows Stake in Intuit Inc. (INTU)
Public Employees Retirement Association of Colorado grew its position in Intuit Inc. (NASDAQ:INTU) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,746 shares of the software maker’s stock after buying an additional 1,550 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Intuit were worth $7,218,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its stake in shares of Intuit by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,290 shares of the software maker’s stock worth $1,366,000 after purchasing an additional 105 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of Intuit by 1.0% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after purchasing an additional 300 shares during the period. Bessemer Group Inc. grew its stake in shares of Intuit by 11.9% during the fourth quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock worth $484,000 after purchasing an additional 326 shares during the period. Cedar Capital LLC grew its stake in shares of Intuit by 18.9% during the third quarter. Cedar Capital LLC now owns 2,142 shares of the software maker’s stock worth $304,000 after purchasing an additional 341 shares during the period. Finally, Nippon Life Insurance Co. grew its stake in shares of Intuit by 3.3% during the third quarter. Nippon Life Insurance Co. now owns 12,183 shares of the software maker’s stock worth $1,732,000 after purchasing an additional 387 shares during the period. 86.58% of the stock is owned by institutional investors.
A number of brokerages recently commented on INTU. Oppenheimer lifted their price objective on Intuit from $166.00 to $181.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Citigroup reaffirmed a “hold” rating and set a $170.00 price objective (up from $157.00) on shares of Intuit in a research note on Monday, January 29th. Zacks Investment Research raised Intuit from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Deutsche Bank reaffirmed a “buy” rating and set a $180.00 price objective on shares of Intuit in a research note on Tuesday, January 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $185.00 price objective (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. Intuit currently has an average rating of “Hold” and a consensus target price of $158.32.
Intuit Inc. (INTU) opened at $152.75 on Friday. Intuit Inc. has a 52 week low of $114.80 and a 52 week high of $170.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $41,233.77, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.90 and a beta of 1.19.
Intuit (NASDAQ:INTU) last posted its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $855.74 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. equities research analysts predict that Intuit Inc. will post 4.02 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were issued a $0.39 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.02%. Intuit’s dividend payout ratio (DPR) is 41.38%.
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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.
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