Unigestion Holding SA Takes $1.14 Million Position in Intuit Inc. (NASDAQ:INTU)

Unigestion Holding SA acquired a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,830 shares of the software maker's stock, valued at approximately $1,136,000.

Other institutional investors have also recently bought and sold shares of the company. Soltis Investment Advisors LLC boosted its position in shares of Intuit by 13.8% during the third quarter. Soltis Investment Advisors LLC now owns 428 shares of the software maker's stock worth $266,000 after purchasing an additional 52 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in Intuit by 20.0% during the third quarter. Arete Wealth Advisors LLC now owns 540 shares of the software maker's stock worth $334,000 after purchasing an additional 90 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Intuit by 3.6% during the third quarter. Toronto Dominion Bank now owns 168,722 shares of the software maker's stock worth $104,776,000 after acquiring an additional 5,840 shares during the period. Brown Financial Advisors increased its holdings in shares of Intuit by 0.9% during the third quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock worth $1,018,000 after purchasing an additional 15 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in Intuit by 16.9% during the third quarter. Coldstream Capital Management Inc. now owns 7,584 shares of the software maker's stock worth $4,784,000 after purchasing an additional 1,097 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Laura A. Fennell sold 30,159 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $642.36, for a total transaction of $19,372,935.24. Following the completion of the transaction, the executive vice president now directly owns 52,038 shares in the company, valued at approximately $33,427,129.68. This represents a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 2,461 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the completion of the transaction, the insider now owns 6,453,105 shares in the company, valued at $4,111,853,974.95. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,732 shares of company stock valued at $81,378,070 in the last ninety days. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

INTU stock traded up $23.49 during mid-day trading on Wednesday, hitting $670.56. The company had a trading volume of 1,868,420 shares, compared to its average volume of 1,365,645. The company has a market capitalization of $187.70 billion, a price-to-earnings ratio of 64.38, a P/E/G ratio of 3.19 and a beta of 1.25. The company has a 50-day moving average price of $636.41 and a 200 day moving average price of $630.71. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the prior year, the company earned $1.14 EPS. The business's revenue was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that Intuit Inc. will post 14.07 earnings per share for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 9th will be paid a $1.04 dividend. The ex-dividend date is Thursday, January 9th. This represents a $4.16 annualized dividend and a yield of 0.62%. Intuit's dividend payout ratio (DPR) is currently 40.39%.

Analyst Upgrades and Downgrades

INTU has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Intuit from $600.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Susquehanna reissued a "positive" rating and set a $757.00 price target on shares of Intuit in a research report on Friday, August 16th. Stifel Nicolaus dropped their price objective on Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets increased their target price on Intuit from $700.00 to $760.00 and gave the stock an "outperform" rating in a research report on Friday, August 23rd. Finally, Oppenheimer raised their target price on shares of Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $737.44.

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.