Robeco Institutional Asset Management B.V. Has $212.26 Million Position in Intuit Inc. (NASDAQ:INTU)

Robeco Institutional Asset Management B.V. lowered its stake in Intuit Inc. (NASDAQ:INTU) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 337,723 shares of the software maker’s stock after selling 68,714 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Intuit were worth $212,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Intuit by 7.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,343 shares of the software maker’s stock valued at $11,396,000 after purchasing an additional 1,230 shares in the last quarter. Kimelman & Baird LLC bought a new position in Intuit in the second quarter valued at approximately $49,000. Ted Buchan & Co bought a new position in Intuit in the second quarter valued at approximately $6,981,000. 3Chopt Investment Partners LLC bought a new position in Intuit in the second quarter valued at approximately $348,000. Finally, Cetera Investment Advisers boosted its stake in Intuit by 0.9% in the second quarter. Cetera Investment Advisers now owns 47,187 shares of the software maker’s stock valued at $31,012,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 1.0 %

Shares of INTU stock opened at $600.66 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The firm’s fifty day moving average price is $634.37 and its two-hundred day moving average price is $634.55. The firm has a market capitalization of $168.14 billion, a P/E ratio of 58.32, a PEG ratio of 3.01 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. Intuit’s dividend payout ratio is presently 40.39%.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTU. JPMorgan Chase & Co. raised their price objective on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Oppenheimer raised their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. Stifel Nicolaus reduced their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Barclays reduced their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $726.53.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the sale, the chief financial officer now owns 1,944 shares of the company’s stock, valued at $1,221,804. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock worth $188,992,187 in the last ninety days. Insiders own 2.68% of the company’s stock.

Intuit Company 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.