Aperio Group LLC Grows Holdings in Intuit Inc. (INTU)
Aperio Group LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,688 shares of the software maker’s stock after purchasing an additional 7,969 shares during the period. Aperio Group LLC owned about 0.09% of Intuit worth $51,549,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Fort L.P. acquired a new position in shares of Intuit during the 2nd quarter worth about $120,000. Qube Research & Technologies Ltd boosted its stake in shares of Intuit by 160.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 606 shares of the software maker’s stock worth $124,000 after buying an additional 373 shares during the last quarter. Sun Life Financial INC boosted its stake in shares of Intuit by 243.8% during the 2nd quarter. Sun Life Financial INC now owns 660 shares of the software maker’s stock worth $135,000 after buying an additional 468 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $176,000. Finally, NewSquare Capital LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $185,000. Hedge funds and other institutional investors own 87.03% of the company’s stock.
In other Intuit news, CEO Brad D. Smith sold 254,325 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $227.66, for a total value of $57,899,629.50. Following the transaction, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at approximately $94,580,208.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 3,651 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $221.54, for a total transaction of $808,842.54. Following the completion of the transaction, the executive vice president now directly owns 4,048 shares in the company, valued at $896,793.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 622,236 shares of company stock worth $137,883,071. Insiders own 5.59% of the company’s stock.
Shares of NASDAQ:INTU opened at $212.68 on Friday. Intuit Inc. has a 52-week low of $145.38 and a 52-week high of $231.84. The stock has a market capitalization of $58.82 billion, a P/E ratio of 46.95, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.14 and a quick ratio of 1.14.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 23rd. The software maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The firm had revenue of $988.00 million for the quarter, compared to analysts’ expectations of $952.67 million. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. On average, sell-side analysts expect that Intuit Inc. will post 5.23 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Wednesday, October 10th were issued a $0.47 dividend. This is a boost from Intuit’s previous quarterly dividend of $0.39. This represents a $1.88 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, October 9th. Intuit’s dividend payout ratio is currently 41.50%.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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