Intuit Inc. (NASDAQ:INTU) Holdings Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,843 shares of the software maker’s stock after acquiring an additional 293 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intuit were worth $4,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its holdings in shares of Intuit by 1.8% during the third quarter. Metis Global Partners LLC now owns 15,346 shares of the software maker’s stock valued at $9,530,000 after acquiring an additional 271 shares during the period. Aubrey Capital Management Ltd boosted its stake in Intuit by 20.9% during the 3rd quarter. Aubrey Capital Management Ltd now owns 8,100 shares of the software maker’s stock valued at $5,030,000 after purchasing an additional 1,400 shares during the period. Planning Capital Management Corp boosted its stake in Intuit by 67.9% during the 3rd quarter. Planning Capital Management Corp now owns 1,691 shares of the software maker’s stock valued at $1,050,000 after purchasing an additional 684 shares during the period. Zions Bancorporation N.A. grew its position in Intuit by 3.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 5,761 shares of the software maker’s stock worth $3,578,000 after purchasing an additional 170 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Intuit by 6.1% in the third quarter. KBC Group NV now owns 189,903 shares of the software maker’s stock valued at $117,930,000 after purchasing an additional 10,851 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INTU shares. Piper Sandler reissued an “overweight” rating and issued a $768.00 price objective on shares of Intuit in a report on Friday, September 27th. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lifted their price objective on shares of Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Jefferies Financial Group increased their target price on shares of Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets increased their price objective 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 analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $735.71.

Intuit Stock Performance

INTU stock traded down $8.44 during midday trading on Thursday, hitting $697.81. The stock had a trading volume of 135,835 shares, compared to its average volume of 1,326,243. Intuit Inc. has a 52 week low of $552.68 and a 52 week high of $714.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $630.03 and a 200 day simple moving average of $629.21. The firm has a market capitalization of $195.59 billion, a price-to-earnings ratio of 67.58, a P/E/G ratio of 3.42 and a beta of 1.25.

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

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were paid a $1.04 dividend. This is a positive change from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, October 10th. This represents a $4.16 annualized dividend and a yield of 0.60%. Intuit’s payout ratio is currently 39.81%.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Alex G. Balazs sold 2,941 shares of Intuit stock in a transaction on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $12,575.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the transaction, the executive vice president now directly owns 20 shares of the company’s stock, valued at $12,575.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott D. Cook sold 2,461 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $637.19, for a total value of $1,568,124.59. Following the sale, the insider now owns 6,453,105 shares in the company, valued at approximately $4,111,853,974.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock worth $35,220,046 over the last three months. Company insiders own 2.90% of the company’s stock.

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.