Intuit Inc. (NASDAQ:INTU) is Wilson Asset Management International PTY Ltd.'s 3rd Largest Position

Wilson Asset Management International PTY Ltd. boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 37,377 shares of the software maker's stock after buying an additional 2,921 shares during the period. Intuit accounts for approximately 6.1% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 3rd biggest position. Wilson Asset Management International PTY Ltd.'s holdings in Intuit were worth $22,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. Vanguard Group Inc. lifted its stake in Intuit by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock worth $16,991,696,000 after purchasing an additional 353,185 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Intuit by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock worth $3,833,720,000 after purchasing an additional 132,384 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Intuit by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock worth $3,329,115,000 after purchasing an additional 620,559 shares during the last quarter. Norges Bank purchased a new stake in shares of Intuit in the fourth quarter worth about $2,290,419,000. Finally, Northern Trust Corp boosted its stake in Intuit by 17.3% during the fourth quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock valued at $2,118,682,000 after buying an additional 498,030 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 0.8%

Intuit stock traded down $5.91 during mid-day trading on Wednesday, hitting $773.70. The company's stock had a trading volume of 1,492,709 shares, compared to its average volume of 1,617,223. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50 day moving average of $708.84 and a 200-day moving average of $640.04. Intuit Inc. has a one year low of $532.65 and a one year high of $790.60. The stock has a market cap of $215.82 billion, a PE ratio of 62.80, a P/E/G ratio of 3.50 and a beta of 1.27.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the prior year, the business posted $9.88 earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's payout ratio is 33.77%.

Insider Buying and Selling

In related news, insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the sale, the insider owned 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 16,061 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total transaction of $11,662,373.93. Following the completion of the transaction, the chief financial officer owned 197 shares of the company's stock, valued at $143,047.61. This represents a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,896 shares of company stock valued at $204,351,942 over the last ninety days. Company insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTU. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $793.05.

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.