Quilter Plc Grows Holdings in Intuit Inc. (NASDAQ:INTU)

Quilter Plc boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 152,889 shares of the software maker’s stock after purchasing an additional 2,035 shares during the period. Intuit makes up 0.1% of Quilter Plc’s investment portfolio, making the stock its 11th largest holding. Quilter Plc owned about 0.05% of Intuit worth $96,017,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its position in Intuit by 18.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock valued at $1,558,000 after buying an additional 482 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Intuit by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,268 shares of the software maker’s stock worth $13,293,000 after acquiring an additional 226 shares during the period. Glenmede Trust Co. NA lifted its position in Intuit by 12.7% in the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock valued at $9,400,000 after purchasing an additional 2,074 shares during the period. Hixon Zuercher LLC purchased a new stake in Intuit in the 4th quarter valued at approximately $1,292,000. Finally, Signature Wealth Management Group purchased a new stake in Intuit in the 4th quarter valued at approximately $1,747,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Trading Down 8.3 %

NASDAQ INTU traded down $55.27 during mid-day trading on Friday, reaching $606.99. 4,252,637 shares of the stock were exchanged, compared to its average volume of 1,048,470. The business’s fifty day simple moving average is $634.59 and its 200 day simple moving average is $621.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $169.96 billion, a PE ratio of 56.00, a PEG ratio of 4.03 and a beta of 1.22. Intuit Inc. has a 1-year low of $400.22 and a 1-year high of $676.62.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $8.63 EPS for the quarter, beating analysts’ consensus estimates of $8.12 by $0.51. Intuit had a return on equity of 19.07% and a net margin of 19.43%. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the business earned $7.80 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts anticipate that Intuit Inc. will post 11.28 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 10th will be given a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 annualized dividend and a dividend yield of 0.59%. Intuit’s dividend payout ratio is presently 33.21%.

Analyst Ratings Changes

INTU has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Intuit from $680.00 to $740.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Piper Sandler boosted their target price on shares of Intuit from $750.00 to $760.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Susquehanna dropped their target price on shares of Intuit from $775.00 to $757.00 and set a “positive” rating for the company in a report on Friday. Finally, Stifel Nicolaus decreased their price target on Intuit from $720.00 to $690.00 and set a “buy” rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $679.41.

Insider Activity at Intuit

In other Intuit news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kerry J. Mclean sold 3,692 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the sale, the executive vice president now directly owns 22,948 shares of the company’s stock, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is owned by company insiders.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.