Dai Ichi Life Holdings Inc. Sells 16,366 Shares of Intuit Inc. (INTU), Report finds

Dai Ichi Life Holdings Inc. Sells 16,366 Shares of Intuit Inc. (INTU), Report finds

Dai Ichi Life Holdings Inc. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 32.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,648 shares of the company’s stock after selling 16,366 shares during the period. Dai Ichi Life Holdings Inc.’s holdings in Intuit were worth $3,812,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Marvin & Palmer Associates Inc. raised its position in shares of Intuit by 15.7% in the second quarter. Marvin & Palmer Associates Inc. now owns 18,650 shares of the company’s stock valued at $2,082,000 after buying an additional 2,525 shares during the period. Hartford Investment Management Co. raised its position in shares of Intuit by 3.3% in the third quarter. Hartford Investment Management Co. now owns 75,882 shares of the company’s stock valued at $8,348,000 after buying an additional 2,430 shares during the period. State of Tennessee Treasury Department raised its position in shares of Intuit by 41.2% in the third quarter. State of Tennessee Treasury Department now owns 80,580 shares of the company’s stock valued at $8,865,000 after buying an additional 23,500 shares during the period. Davis R M Inc. raised its position in shares of Intuit by 4.1% in the third quarter. Davis R M Inc. now owns 255,726 shares of the company’s stock valued at $28,132,000 after buying an additional 10,098 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Intuit by 18.1% in the third quarter. TimesSquare Capital Management LLC now owns 69,995 shares of the company’s stock valued at $7,700,000 after buying an additional 10,730 shares during the period. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Intuit Inc. (NASDAQ:INTU) traded down 0.79% on Wednesday, reaching $116.55. The company had a trading volume of 2,964,334 shares. Intuit Inc. has a 52 week low of $88.17 and a 52 week high of $120.55. The stock’s 50-day moving average is $116.96 and its 200-day moving average is $112.61. The company has a market capitalization of $29.91 billion, a P/E ratio of 31.18 and a beta of 1.06.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $778 million for the quarter, compared to analysts’ expectations of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Intuit Inc. will post $4.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 10th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, January 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.17%. Intuit’s dividend payout ratio is 36.27%.

Several equities analysts have recently commented on INTU shares. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. J P Morgan Chase & Co reiterated a “hold” rating and set a $114.00 price objective on shares of Intuit in a research report on Thursday, November 17th. Brean Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Intuit in a research report on Wednesday, December 28th. Deutsche Bank AG reiterated a “buy” rating and set a $130.00 price objective on shares of Intuit in a research report on Friday, November 18th. Finally, Evercore ISI started coverage on Intuit in a research report on Wednesday, November 16th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $200.83.

In other news, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $116.88, for a total transaction of $218,682.48. Following the transaction, the executive vice president now owns 2,541 shares of the company’s stock, valued at $296,992.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark J. Flournoy sold 1,892 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $115.47, for a total value of $218,469.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,694 shares of company stock worth $3,896,876. Insiders own 5.70% of the company’s stock.

About Intuit

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU).

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Dai Ichi Life Holdings Inc. Sells 16,366 Shares of Intuit Inc. (INTU)

Dai Ichi Life Holdings Inc. Sells 16,366 Shares of Intuit Inc. (INTU)

Dai Ichi Life Holdings Inc. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 32.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,648 shares of the company’s stock after selling 16,366 shares during the period. Dai Ichi Life Holdings Inc.’s holdings in Intuit were worth $3,812,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Marvin & Palmer Associates Inc. raised its position in shares of Intuit by 15.7% in the second quarter. Marvin & Palmer Associates Inc. now owns 18,650 shares of the company’s stock valued at $2,082,000 after buying an additional 2,525 shares during the period. Hartford Investment Management Co. raised its position in shares of Intuit by 3.3% in the third quarter. Hartford Investment Management Co. now owns 75,882 shares of the company’s stock valued at $8,348,000 after buying an additional 2,430 shares during the period. State of Tennessee Treasury Department raised its position in shares of Intuit by 41.2% in the third quarter. State of Tennessee Treasury Department now owns 80,580 shares of the company’s stock valued at $8,865,000 after buying an additional 23,500 shares during the period. Davis R M Inc. raised its position in shares of Intuit by 4.1% in the third quarter. Davis R M Inc. now owns 255,726 shares of the company’s stock valued at $28,132,000 after buying an additional 10,098 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Intuit by 18.1% in the third quarter. TimesSquare Capital Management LLC now owns 69,995 shares of the company’s stock valued at $7,700,000 after buying an additional 10,730 shares during the period. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Intuit Inc. (NASDAQ:INTU) traded down 0.79% on Wednesday, reaching $116.55. The company had a trading volume of 2,964,334 shares. Intuit Inc. has a 52 week low of $88.17 and a 52 week high of $120.55. The stock’s 50-day moving average is $116.96 and its 200-day moving average is $112.61. The company has a market capitalization of $29.91 billion, a P/E ratio of 31.18 and a beta of 1.06.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 17th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $778 million for the quarter, compared to analysts’ expectations of $754.36 million. Intuit had a return on equity of 82.77% and a net margin of 20.59%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Intuit Inc. will post $4.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Tuesday, January 10th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, January 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.17%. Intuit’s dividend payout ratio is 36.27%.

Several equities analysts have recently commented on INTU shares. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. J P Morgan Chase & Co reiterated a “hold” rating and set a $114.00 price objective on shares of Intuit in a research report on Thursday, November 17th. Brean Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Intuit in a research report on Wednesday, December 28th. Deutsche Bank AG reiterated a “buy” rating and set a $130.00 price objective on shares of Intuit in a research report on Friday, November 18th. Finally, Evercore ISI started coverage on Intuit in a research report on Wednesday, November 16th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $200.83.

In other news, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $116.88, for a total transaction of $218,682.48. Following the transaction, the executive vice president now owns 2,541 shares of the company’s stock, valued at $296,992.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark J. Flournoy sold 1,892 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $115.47, for a total value of $218,469.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,694 shares of company stock worth $3,896,876. Insiders own 5.70% of the company’s stock.

About Intuit

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU).

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