Vontobel Holding Ltd. Has $25.97 Million Stake in Intuit Inc. (NASDAQ:INTU)

Vontobel Holding Ltd. grew its stake in Intuit Inc. (NASDAQ:INTUGet Rating) by 76.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,457 shares of the software maker’s stock after purchasing an additional 28,371 shares during the period. Vontobel Holding Ltd.’s holdings in Intuit were worth $25,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTU. Core Alternative Capital lifted its holdings in Intuit by 20.4% during the 2nd quarter. Core Alternative Capital now owns 130 shares of the software maker’s stock valued at $50,000 after purchasing an additional 22 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in Intuit by 3.2% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 713 shares of the software maker’s stock valued at $275,000 after purchasing an additional 22 shares during the last quarter. Dohj LLC lifted its holdings in Intuit by 0.8% during the 2nd quarter. Dohj LLC now owns 3,205 shares of the software maker’s stock valued at $1,236,000 after purchasing an additional 25 shares during the last quarter. WP Advisors LLC lifted its holdings in Intuit by 3.7% during the 3rd quarter. WP Advisors LLC now owns 706 shares of the software maker’s stock valued at $273,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Private Wealth Group LLC lifted its holdings in Intuit by 7.7% during the 2nd quarter. Sage Private Wealth Group LLC now owns 379 shares of the software maker’s stock valued at $146,000 after purchasing an additional 27 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 400 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $416.01, for a total transaction of $166,404.00. Following the completion of the transaction, the chief accounting officer now owns 2,067 shares in the company, valued at $859,892.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Lauren D. Hotz sold 400 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $416.01, for a total value of $166,404.00. Following the completion of the transaction, the chief accounting officer now owns 2,067 shares in the company, valued at $859,892.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Alexander Chriss sold 597 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $400.00, for a total transaction of $238,800.00. Following the completion of the transaction, the executive vice president now owns 344 shares of the company’s stock, valued at approximately $137,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,086 shares of company stock worth $1,258,434. 3.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of Intuit from $516.00 to $476.00 and set an “outperform” rating for the company in a research note on Wednesday, November 30th. Credit Suisse Group assumed coverage on shares of Intuit in a research note on Monday, November 21st. They issued an “outperform” rating and a $500.00 target price for the company. Citigroup dropped their target price on shares of Intuit from $498.00 to $462.00 in a research note on Thursday, December 1st. Stifel Nicolaus dropped their target price on shares of Intuit from $525.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, September 30th. Finally, Piper Sandler dropped their target price on shares of Intuit from $553.00 to $459.00 and set an “overweight” rating for the company in a research note on Wednesday, November 30th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $499.21.

Intuit Stock Down 2.1 %

Shares of NASDAQ INTU opened at $401.55 on Wednesday. The stock has a market cap of $112.80 billion, a P/E ratio of 61.12, a P/E/G ratio of 3.08 and a beta of 1.15. The firm has a 50 day moving average price of $392.80 and a 200 day moving average price of $411.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.37 and a current ratio of 1.37. Intuit Inc. has a 52-week low of $339.36 and a 52-week high of $579.96.

Intuit (NASDAQ:INTUGet Rating) last issued its quarterly earnings data on Tuesday, November 29th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.49. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Intuit had a net margin of 14.10% and a return on equity of 14.31%. Analysts expect that Intuit Inc. will post 8.99 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Investors of record on Tuesday, January 10th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, January 9th. Intuit’s dividend payout ratio is currently 47.49%.

Intuit Company Profile

(Get Rating)

Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.

Further Reading

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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