Williams Jones Wealth Management LLC. decreased its holdings in Intuit Inc. (NASDAQ:INTU – Get Rating) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 247,890 shares of the software maker’s stock after selling 10,905 shares during the quarter. Intuit accounts for about 1.7% of Williams Jones Wealth Management LLC.’s investment portfolio, making the stock its 20th largest position. Williams Jones Wealth Management LLC.’s holdings in Intuit were worth $119,195,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new position in Intuit in the 4th quarter worth approximately $25,000. Industrial Alliance Investment Management Inc. acquired a new position in Intuit in the 4th quarter worth approximately $26,000. San Luis Wealth Advisors LLC acquired a new position in Intuit in the 1st quarter worth approximately $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Intuit in the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management acquired a new position in Intuit in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 83.31% of the company’s stock.
Analyst Upgrades and Downgrades
INTU has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intuit from $525.00 to $560.00 in a research note on Wednesday, August 24th. William Blair reissued an “outperform” rating on shares of Intuit in a research note on Wednesday, May 25th. Wells Fargo & Company decreased their target price on shares of Intuit from $635.00 to $550.00 and set an “overweight” rating for the company in a research note on Wednesday, May 25th. Citigroup initiated coverage on shares of Intuit in a research note on Thursday, September 1st. They set a “buy” rating and a $538.00 target price for the company. Finally, KeyCorp lifted their target price on shares of Intuit from $475.00 to $525.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. One analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $570.61.
Insider Transactions at Intuit
Intuit Stock Performance
Shares of INTU opened at $450.03 on Friday. The company has a market capitalization of $126.85 billion, a PE ratio of 62.07, a price-to-earnings-growth ratio of 3.07 and a beta of 1.19. Intuit Inc. has a one year low of $339.36 and a one year high of $716.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.63. The company’s fifty day moving average price is $437.37 and its 200 day moving average price is $432.25.
Intuit (NASDAQ:INTU – Get Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.12. Intuit had a net margin of 16.23% and a return on equity of 16.47%. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, analysts expect that Intuit Inc. will post 8.88 earnings per share for the current year.
Intuit Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th will be issued a dividend of $0.78 per share. This is an increase from Intuit’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $3.12 annualized dividend and a dividend yield of 0.69%. Intuit’s payout ratio is presently 37.52%.
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 ProConnect.
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