Intuit Inc. (NASDAQ:INTU) Shares Acquired by Ossiam

Ossiam lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 123.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 529 shares of the software maker’s stock after purchasing an additional 292 shares during the quarter. Ossiam’s holdings in Intuit were worth $138,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in Intuit by 1.5% in the second quarter. Whittier Trust Co. now owns 2,927 shares of the software maker’s stock valued at $765,000 after acquiring an additional 42 shares during the last quarter. Berman Capital Advisors LLC raised its position in Intuit by 14.0% in the second quarter. Berman Capital Advisors LLC now owns 342 shares of the software maker’s stock valued at $89,000 after purchasing an additional 42 shares during the period. Reynders McVeigh Capital Management LLC raised its position in Intuit by 3.1% in the second quarter. Reynders McVeigh Capital Management LLC now owns 1,652 shares of the software maker’s stock valued at $432,000 after purchasing an additional 49 shares during the period. Hanseatic Management Services Inc. raised its position in Intuit by 1.5% in the second quarter. Hanseatic Management Services Inc. now owns 3,468 shares of the software maker’s stock valued at $906,000 after purchasing an additional 50 shares during the period. Finally, Pathway Financial Advisors LLC raised its position in Intuit by 5.8% in the second quarter. Pathway Financial Advisors LLC now owns 919 shares of the software maker’s stock valued at $240,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

NASDAQ:INTU traded down $1.50 during trading hours on Friday, hitting $266.75. The company’s stock had a trading volume of 269,098 shares, compared to its average volume of 1,411,468. The stock has a market capitalization of $69.59 billion, a P/E ratio of 47.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The stock has a fifty day moving average of $278.51 and a 200-day moving average of $262.64. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10. Intuit Inc. has a 52-week low of $182.61 and a 52-week high of $295.77.



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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 10th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $0.47. Intuit’s dividend payout ratio is currently 33.69%.

In other Intuit news, SVP Kerry J. Mclean sold 20,543 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $277.05, for a total value of $5,691,438.15. Following the completion of the transaction, the senior vice president now owns 25,170 shares in the company, valued at $6,973,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 133,334 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $262.87, for a total transaction of $35,049,508.58. The disclosure for this sale can be found here. Insiders sold 303,422 shares of company stock valued at $82,506,746 in the last 90 days. 4.60% of the stock is currently owned by insiders.

INTU has been the topic of a number of research analyst reports. Jefferies Financial Group set a $320.00 target price on Intuit and gave the company a “buy” rating in a research report on Friday, August 23rd. Argus set a $325.00 target price on Intuit and gave the company a “buy” rating in a research report on Monday, August 26th. Deutsche Bank upped their price objective on Intuit from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp upped their price objective on Intuit from $300.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, UBS Group upped their price objective on Intuit from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $277.00.

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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