Disciplined Growth Investors Inc. MN lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,276,129 shares of the software maker’s stock after selling 33,121 shares during the period. Intuit comprises approximately 3.8% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 6th biggest position. Disciplined Growth Investors Inc. MN owned approximately 0.50% of Intuit worth $181,389,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Oakbrook Investments LLC raised its position in shares of Intuit by 118.1% during the third quarter. Oakbrook Investments LLC now owns 21,425 shares of the software maker’s stock valued at $3,045,000 after buying an additional 11,600 shares during the last quarter. Comgest Global Investors S.A.S. grew its holdings in shares of Intuit by 2.4% in the second quarter. Comgest Global Investors S.A.S. now owns 439,976 shares of the software maker’s stock valued at $58,433,000 after purchasing an additional 10,400 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Intuit by 0.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 375,423 shares of the software maker’s stock valued at $53,363,000 after purchasing an additional 1,870 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Intuit by 218.4% in the second quarter. Schroder Investment Management Group now owns 229,027 shares of the software maker’s stock valued at $30,483,000 after purchasing an additional 157,101 shares in the last quarter. Finally, Asset Advisors Corp grew its holdings in shares of Intuit by 2.5% in the third quarter. Asset Advisors Corp now owns 92,565 shares of the software maker’s stock valued at $13,157,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.
A number of research firms recently weighed in on INTU. Jefferies Group reissued a “buy” rating and issued a $185.00 target price on shares of Intuit in a report on Tuesday, November 21st. Citigroup raised their target price on shares of Intuit to $170.00 in a report on Tuesday, November 21st. Stifel Nicolaus reissued a “hold” rating and issued a $148.00 target price on shares of Intuit in a report on Tuesday, November 21st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $180.00 price objective (up from $163.00) on shares of Intuit in a research note on Tuesday, November 21st. Finally, Oppenheimer reaffirmed a “buy” rating and set a $166.00 price objective (up from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $153.89.
Intuit Inc. (NASDAQ:INTU) traded up $0.94 during trading hours on Tuesday, hitting $158.72. The stock had a trading volume of 1,436,135 shares, compared to its average volume of 1,063,300. Intuit Inc. has a fifty-two week low of $111.90 and a fifty-two week high of $161.44. The company has a market capitalization of $40,580.00, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67.
Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. analysts forecast that Intuit Inc. will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 10th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.98%. Intuit’s payout ratio is currently 41.27%.
In other Intuit news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total value of $326,613.30. Following the completion of the transaction, the executive vice president now directly owns 3,050 shares in the company, valued at $461,617.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The disclosure for this sale can be found here. Insiders sold 965,938 shares of company stock valued at $149,469,127 over the last 90 days. 5.59% of the stock is currently owned by corporate insiders.
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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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