Intuit Inc. (INTU) Position Raised by Mawer Investment Management Ltd.
Mawer Investment Management Ltd. lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 565,427 shares of the software maker’s stock after acquiring an additional 1,020 shares during the quarter. Mawer Investment Management Ltd. owned 0.22% of Intuit worth $89,340,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Oakbrook Investments LLC increased its stake in shares of Intuit by 118.1% in the third quarter. Oakbrook Investments LLC now owns 21,425 shares of the software maker’s stock worth $3,045,000 after acquiring an additional 11,600 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Intuit by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 375,423 shares of the software maker’s stock worth $53,363,000 after buying an additional 1,870 shares in the last quarter. Bank of Montreal Can boosted its holdings in Intuit by 71.7% during the fourth quarter. Bank of Montreal Can now owns 471,620 shares of the software maker’s stock worth $74,412,000 after buying an additional 196,911 shares in the last quarter. Asset Advisors Corp boosted its holdings in Intuit by 2.5% during the third quarter. Asset Advisors Corp now owns 92,565 shares of the software maker’s stock worth $13,157,000 after buying an additional 2,300 shares in the last quarter. Finally, Boston Advisors LLC boosted its holdings in Intuit by 1,337.2% during the fourth quarter. Boston Advisors LLC now owns 130,301 shares of the software maker’s stock worth $20,559,000 after buying an additional 121,235 shares in the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.
In related news, Chairman Scott D. Cook sold 112,731 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Scott D. Cook sold 207,110 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $175.86, for a total transaction of $36,422,364.60. The disclosure for this sale can be found here. Insiders sold 935,159 shares of company stock valued at $157,615,795 over the last quarter. Company insiders own 5.59% of the company’s stock.
Intuit Inc. (INTU) opened at $177.93 on Friday. The stock has a market cap of $45,490.00, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 2.70 and a beta of 1.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.36. Intuit Inc. has a twelve month low of $114.80 and a twelve month high of $179.17.
Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. equities research analysts predict that Intuit Inc. will post 4.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, April 9th. Intuit’s dividend payout ratio (DPR) is 41.05%.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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