DekaBank Deutsche Girozentrale Has $194.19 Million Position in Intuit Inc. (NASDAQ:INTU)

DekaBank Deutsche Girozentrale lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 314,704 shares of the software maker’s stock after selling 16,913 shares during the period. DekaBank Deutsche Girozentrale owned 0.11% of Intuit worth $194,193,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INTU. Modera Wealth Management LLC lifted its position in shares of Intuit by 1.0% during the 3rd quarter. Modera Wealth Management LLC now owns 2,694 shares of the software maker’s stock worth $1,673,000 after purchasing an additional 26 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Intuit by 0.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 16,978 shares of the software maker’s stock worth $10,543,000 after buying an additional 50 shares during the period. Covenant Partners LLC lifted its holdings in shares of Intuit by 3.4% during the third quarter. Covenant Partners LLC now owns 521 shares of the software maker’s stock worth $324,000 after buying an additional 17 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Intuit by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 29,307 shares of the software maker’s stock worth $18,200,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in Intuit by 33.4% during the third quarter. Arkadios Wealth Advisors now owns 1,943 shares of the software maker’s stock worth $1,207,000 after acquiring an additional 486 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INTU shares. Susquehanna restated a “positive” rating and issued a $757.00 price target on shares of Intuit in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Royal Bank of Canada initiated coverage on Intuit in a research report on Wednesday, July 3rd. They set an “outperform” rating and a $760.00 price objective on the stock. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets boosted their price target on shares of Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $735.71.

Intuit Trading Up 0.9 %

INTU stock opened at $609.27 on Friday. The business has a fifty day moving average of $626.86 and a 200-day moving average of $626.63. The company has a market cap of $170.77 billion, a P/E ratio of 58.30, a PEG ratio of 2.98 and a beta of 1.24. Intuit Inc. has a twelve month low of $473.56 and a twelve month high of $676.62. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.14. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities research analysts expect that Intuit Inc. will post 14.04 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, October 10th. This is a boost from Intuit’s previous quarterly dividend of $0.90. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. Intuit’s payout ratio is 39.81%.

Insider Transactions at Intuit

In related news, Director Eve B. Burton sold 2,988 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $649.87, for a total value of $1,941,811.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Eve B. Burton sold 2,988 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 2,941 shares of Intuit stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the completion of the transaction, the executive vice president now directly owns 20 shares in the company, valued at approximately $12,575.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,297 shares of company stock worth $35,220,046. 2.90% of the stock is currently owned by company insiders.

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.