(NASDAQ:INTU) by 26.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,702,493 shares of the software maker's stock after selling 533,205 shares during the period. Intuit accounts for 1.3% of Comgest Global Investors S.A.S.'s holdings, making the stock its 17th largest position. Dimensional Fund Advisors LP owned about 0.23% of Intuit worth $68,234,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC raised its stake in shares of Intuit by 0.6% in the first quarter. Two Sigma Advisers LP boosted its stake in shares of Intuit by 982.0% in the third quarter. Lindsell Train Ltd now owns 2,130,800 shares of the software maker's stock worth $247,151,000 after buying an additional 147,600 shares during the period. Morgan Stanley boosted its position in shares of Intuit by 38.5% in the first quarter. Vanguard Group Inc. now owns 16,373,494 shares of the software maker's stock valued at $1,899,162,000 after buying an additional 359,330 shares during the last quarter. Morgan Stanley now owns 3,478,799 shares of the software maker's stock valued at $403,505,000 after buying an additional 966,936 shares during the last quarter.
Intuit Inc.is a provider of business and financial management solutions for small businesses, clients and accounting professionals. Harvest Capital Management Inc now owns 2,010 shares of the software maker's stock worth $233,000 after buying an additional 60 shares in the last quarter.
Shares of Intuit Inc. (INTU) traded down 0.85% during mid-day trading on Tuesday, reaching $131.68. 759,267 shares of the company's stock traded hands. The stock has a market capitalization of $33.74 billion, a price-to-earnings ratio of 37.84 and a beta of 1.15. The firm's 50-day moving average price is $136.36 and its 200 day moving average price is $123.95. Intuit Inc. has a 52-week low of $103.22 and a 52-week high of $143.81.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The business's quarterly revenue was up 10.3% compared to the same quarter past year. During the same quarter in the prior year, the company earned $3.43 earnings per share. On average, equities analysts forecast that Intuit Inc. will post $4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Investors with a record date on early Mon, Jul 10th will get a dividend of $0.34 for a share. this indicates a $1.36 dividend on a yearly basis and a payout of of 1.03%. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.36 annualized dividend and a yield of 1.03%. Flinton Capital Management upped its stake in Intuit by 39.0% in the Q1.
WARNING: "Comgest Global Investors S.A.S". (NASDAQ:INTU) earned "Sector Perform" rating by RBC Capital Markets on Wednesday, August 24. If you are accessing this report on another publication, it was illegally copied and republished in violation of US & worldwide copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/07/04/intuit-inc-intu-stake-raised-by-nn-investment-partners-holdings-n-v-updated-updated.html.
INTU has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on shares of Intuit from $115.00 to $132.00 and gave the company a "hold" rating in a research note on Wednesday, May 24th. Citigroup Inc. cut shares of Intuit from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $148.00 to $141.00 in a research report on Monday, June 26th. BidaskClub downgraded shares of Intuit from a "buy" rating to a "hold" rating in a report on Thursday, June 29th. Benchmark Co. initiated coverage on shares of Intuit in a report on Thursday, April 27th. They set a "buy" rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Intuit presently has an average rating of "Buy" and a consensus price target of $203.58. Also, EVP Daniel A. Wernikoff sold 15,684 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $136.82, for a total value of $2,282,978.52. Following the transaction, the director now directly owns 4,554 shares of the company's stock, valued at approximately $623,078.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
In other Intuit news, EVP Laura A. Fennell sold 74,052 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $139.46, for a total transaction of $10,327,291.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,265 shares of company stock valued at $21,085,104.