Intuit Inc. (NASDAQ:INTU) Holdings Increased by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,444,779 shares of the software maker's stock after purchasing an additional 15,433 shares during the period. Intuit makes up 4.9% of Sustainable Growth Advisers LP's holdings, making the stock its 5th biggest holding. Sustainable Growth Advisers LP owned approximately 0.52% of Intuit worth $887,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intuit in the 4th quarter valued at $2,290,419,000. GAMMA Investing LLC boosted its holdings in shares of Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the 1st quarter valued at $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after buying an additional 771,232 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Intuit by 13.3% in the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after buying an additional 620,559 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 72,442 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider directly owned 6,063,495 shares in the company, valued at $4,494,808,208.55. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marianna Tessel sold 34,329 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the transaction, the executive vice president owned 40,767 shares in the company, valued at approximately $31,017,164.28. The trade was a 45.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is currently owned by insiders.

Intuit Trading Up 0.7%

Shares of Intuit stock traded up $5.21 during mid-day trading on Thursday, hitting $781.21. 1,379,010 shares of the stock were exchanged, compared to its average volume of 1,780,092. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $790.60. The stock has a market capitalization of $217.92 billion, a price-to-earnings ratio of 63.41, a price-to-earnings-growth ratio of 3.40 and a beta of 1.27. The company has a 50-day simple moving average of $750.68 and a 200 day simple moving average of $653.55. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.53%. Intuit's payout ratio is currently 33.77%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. Citigroup reiterated a "buy" rating and issued a $789.00 price target (up previously from $726.00) on shares of Intuit in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price target on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $800.55.

Intuit 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.