Intuit Inc. (INTU) Stake Boosted by Keybank National Association OH

Keybank National Association OH lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 176,875 shares of the software maker’s stock after purchasing an additional 1,970 shares during the period. Keybank National Association OH’s holdings in Intuit were worth $27,908,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Exane Derivatives acquired a new stake in Intuit in the 3rd quarter valued at about $105,000. Horan Capital Advisors LLC. acquired a new stake in Intuit in the 3rd quarter valued at about $114,000. Highstreet Asset Management Inc. acquired a new stake in Intuit in the 3rd quarter valued at about $159,000. SeaCrest Wealth Management LLC acquired a new stake in Intuit in the 4th quarter valued at about $170,000. Finally, Americafirst Capital Management LLC acquired a new stake in Intuit in the 3rd quarter valued at about $184,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Scott D. Cook sold 184,733 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $151.46, for a total value of $27,767,767.64. The disclosure for this sale can be found here. Insiders have sold 965,938 shares of company stock valued at $149,469,127 in the last three months. Corporate insiders own 5.59% of the company’s stock.

INTU has been the topic of a number of research reports. UBS Group initiated coverage on shares of Intuit in a research note on Thursday, November 9th. They issued a “neutral” rating and a $152.00 price objective on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $185.00 price objective (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Intuit from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Barclays increased their price objective on shares of Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th. Finally, Oppenheimer increased their price objective on shares of Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $159.42.

Shares of Intuit Inc. (NASDAQ INTU) opened at $163.90 on Thursday. Intuit Inc. has a 1 year low of $114.80 and a 1 year high of $170.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $40,740.37, a P/E ratio of 42.61, a PEG ratio of 2.70 and a beta of 1.19.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.30. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The business had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. During the same quarter last year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. research analysts expect that Intuit Inc. will post 4.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Tuesday, January 9th. Intuit’s payout ratio is currently 41.38%.

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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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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