Intuit Inc. (NASDAQ:INTU) Shares Bought by Gilbert & Cook Inc.

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Gilbert & Cook Inc. grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 47.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,231 shares of the software maker’s stock after purchasing an additional 396 shares during the quarter. Gilbert & Cook Inc.’s holdings in Intuit were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Intuit by 2.5% during the 2nd quarter. BlackRock Inc. now owns 20,667,701 shares of the software maker’s stock worth $5,401,090,000 after acquiring an additional 503,291 shares during the period. Vanguard Group Inc. raised its holdings in Intuit by 1.6% in the second quarter. Vanguard Group Inc. now owns 19,951,046 shares of the software maker’s stock valued at $5,213,806,000 after buying an additional 305,013 shares during the period. Invesco Ltd. raised its holdings in Intuit by 96.3% in the second quarter. Invesco Ltd. now owns 6,001,471 shares of the software maker’s stock valued at $1,568,367,000 after buying an additional 2,944,291 shares during the period. Nuveen Asset Management LLC raised its holdings in Intuit by 4,951.7% in the second quarter. Nuveen Asset Management LLC now owns 4,988,508 shares of the software maker’s stock valued at $1,303,647,000 after buying an additional 4,889,759 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Intuit by 28.7% in the second quarter. Janus Henderson Group PLC now owns 4,752,482 shares of the software maker’s stock valued at $1,241,949,000 after buying an additional 1,060,033 shares during the period. 87.20% of the stock is currently owned by institutional investors.

In other news, EVP Gregory N. Johnson sold 2,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $290.74, for a total transaction of $726,850.00. Following the completion of the transaction, the executive vice president now owns 11,625 shares of the company’s stock, valued at $3,379,852.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michelle M. Clatterbuck sold 612 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $280.00, for a total transaction of $171,360.00. Following the transaction, the chief financial officer now directly owns 1,492 shares of the company’s stock, valued at approximately $417,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 285,279 shares of company stock valued at $68,553,645. Corporate insiders own 4.60% of the company’s stock.

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Intuit from $244.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Stifel Nicolaus raised their price target on shares of Intuit from $290.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Bank of America raised their price target on shares of Intuit from $264.00 to $303.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating and set a $291.00 price target on the stock. in a report on Wednesday, October 23rd. Finally, Argus set a $325.00 price target on shares of Intuit and gave the company a “buy” rating in a report on Monday, August 26th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Intuit currently has a consensus rating of “Hold” and a consensus target price of $278.21.

Shares of INTU traded down $2.50 during mid-day trading on Friday, reaching $256.85. 1,357,200 shares of the stock traded hands, compared to its average volume of 1,389,052. The firm has a market cap of $65.84 billion, a price-to-earnings ratio of 46.03, a P/E/G ratio of 2.47 and a beta of 1.10. The stock has a fifty day simple moving average of $262.77 and a 200 day simple moving average of $264.79. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. Intuit Inc. has a 12-month low of $182.61 and a 12-month high of $295.77.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.37. Intuit had a net margin of 22.95% and a return on equity of 43.86%. The firm had revenue of $994.00 million during the quarter, compared to the consensus estimate of $964.02 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Intuit Inc. will post 6.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.53 per share. This is an increase from Intuit’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.12 annualized dividend and a dividend yield of 0.83%. Intuit’s payout ratio is 37.99%.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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