Intuit Inc. (INTU) Shares Sold by WINTON GROUP Ltd
WINTON GROUP Ltd lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 23.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,721 shares of the software maker’s stock after selling 27,750 shares during the quarter. WINTON GROUP Ltd’s holdings in Intuit were worth $18,126,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of INTU. King Luther Capital Management Corp raised its position in Intuit by 137.7% in the first quarter. King Luther Capital Management Corp now owns 4,744 shares of the software maker’s stock valued at $822,000 after purchasing an additional 2,748 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Intuit in the first quarter valued at $573,000. KBC Group NV raised its position in Intuit by 24.9% in the first quarter. KBC Group NV now owns 67,895 shares of the software maker’s stock valued at $11,769,000 after purchasing an additional 13,552 shares during the period. Transamerica Financial Advisors Inc. raised its position in Intuit by 208.4% in the first quarter. Transamerica Financial Advisors Inc. now owns 60,234 shares of the software maker’s stock valued at $10,442,000 after purchasing an additional 40,701 shares during the period. Finally, Cetera Advisor Networks LLC raised its position in Intuit by 12.9% in the first quarter. Cetera Advisor Networks LLC now owns 3,297 shares of the software maker’s stock valued at $571,000 after purchasing an additional 376 shares during the period. Institutional investors own 87.00% of the company’s stock.
A number of equities research analysts have commented on the company. Barclays lifted their target price on Intuit from $204.00 to $219.00 and gave the company an “equal weight” rating in a research report on Friday, September 7th. BidaskClub upgraded Intuit from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Wells Fargo & Co lifted their price objective on Intuit from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 27th. Finally, Credit Suisse Group lifted their price objective on Intuit from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $216.94.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 23rd. The software maker reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Intuit had a return on equity of 67.39% and a net margin of 20.31%. The firm had revenue of $988.00 million during the quarter, compared to analysts’ expectations of $952.67 million. During the same period in the previous year, the firm posted $0.20 EPS. Intuit’s revenue for the quarter was up 17.3% on a year-over-year basis. research analysts anticipate that Intuit Inc. will post 5.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Wednesday, October 10th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.83%. This is a boost from Intuit’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, October 9th. Intuit’s payout ratio is presently 34.44%.
In other Intuit news, EVP Henry Tayloe Stansbury sold 3,941 shares of Intuit stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $202.21, for a total transaction of $796,909.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brad D. Smith sold 254,325 shares of Intuit stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $227.66, for a total value of $57,899,629.50. Following the sale, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at $94,580,208.70. The disclosure for this sale can be found here. Insiders have sold a total of 522,526 shares of company stock valued at $115,713,138 over the last three months. 5.59% of the stock is currently owned by insiders.
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.
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