NatWest Group plc boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 295.8% in the 3rd quarter, Holdings Channel reports. The fund owned 5,264 shares of the software maker’s stock after buying an additional 3,934 shares during the period. NatWest Group plc’s holdings in Intuit were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in INTU. Harvest Group Wealth Management LLC purchased a new position in Intuit during the second quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Intuit in the second quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new stake in shares of Intuit in the third quarter valued at approximately $30,000. Cerebellum GP LLC purchased a new stake in shares of Intuit in the second quarter valued at approximately $32,000. Finally, Norway Savings Bank purchased a new stake in shares of Intuit in the third quarter valued at approximately $33,000. Institutional investors own 85.52% of the company’s stock.
A number of analysts have recently issued reports on INTU shares. Oppenheimer lifted their price target on Intuit from $355.00 to $382.00 and gave the stock an “outperform” rating in a research note on Friday. Zacks Investment Research lowered Intuit from a “strong-buy” rating to a “hold” rating and set a $344.00 price objective on the stock. in a research note on Tuesday, October 27th. Royal Bank of Canada boosted their price objective on Intuit from $405.00 to $415.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company upped their price target on Intuit from $380.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday. Finally, KeyCorp upped their price target on Intuit from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $374.28.
INTU stock traded down $13.75 during midday trading on Friday, reaching $347.69. 2,370,232 shares of the company were exchanged, compared to its average volume of 1,373,791. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.26 and a current ratio of 2.26. Intuit Inc. has a 1-year low of $187.68 and a 1-year high of $377.15. The stock’s 50-day simple moving average is $338.89 and its 200 day simple moving average is $311.04. The company has a market cap of $91.03 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, November 18th. The software maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.90. Intuit had a net margin of 23.78% and a return on equity of 40.79%. During the same quarter in the previous year, the company earned $0.55 EPS. On average, research analysts anticipate that Intuit Inc. will post 7.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Monday, January 11th will be issued a $0.59 dividend. The ex-dividend date is Friday, January 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Intuit’s payout ratio is 35.98%.
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 three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.
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