Natixis Advisors LLC Has $251.22 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Natixis Advisors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 404,536 shares of the software maker’s stock after buying an additional 19,854 shares during the period. Natixis Advisors LLC owned approximately 0.14% of Intuit worth $251,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new stake in Intuit in the 2nd quarter worth about $25,000. Cultivar Capital Inc. acquired a new stake in shares of Intuit in the second quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in shares of Intuit in the second quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Intuit during the third quarter worth approximately $27,000. Finally, Hobbs Group Advisors LLC bought a new position in Intuit during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTU shares. Stifel Nicolaus upped their target price on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and set a $757.00 price objective on shares of Intuit in a research report on Friday, August 16th. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and set a $768.00 price target on shares of Intuit in a report on Friday, September 27th. Finally, BMO Capital Markets lifted their price objective on shares of Intuit from $700.00 to $760.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $739.24.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 2,461 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 6,453,105 shares of the company’s stock, valued at $4,111,853,974.95. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $617.28, for a total value of $2,469,120.00. Following the sale, the chief financial officer now directly owns 452 shares of the company’s stock, valued at $279,010.56. This represents a 89.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,297 shares of company stock valued at $35,220,046. 2.90% of the stock is currently owned by company insiders.

Intuit Stock Down 1.8 %

Shares of NASDAQ INTU opened at $687.87 on Friday. The company has a 50 day simple moving average of $633.08 and a 200 day simple moving average of $630.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Intuit Inc. has a 1 year low of $552.68 and a 1 year high of $714.78. The firm has a market cap of $192.80 billion, a PE ratio of 65.82, a price-to-earnings-growth ratio of 3.45 and a beta of 1.25.

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

Intuit Increases Dividend

The business also recently disclosed 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Thursday, October 10th. Intuit’s payout ratio is currently 39.81%.

About Intuit

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.