Osborne Partners Capital Management LLC Maintains Position in Intuit Inc. (INTU)

Osborne Partners Capital Management LLC Maintains Position in Intuit Inc. (INTU)

Osborne Partners Capital Management LLC continued to hold its stake in Intuit Inc. (NASDAQ:INTU) during the third quarter, Holdings Channel reports. The firm owned 15,100 shares of the company’s stock at the end of the third quarter. Osborne Partners Capital Management LLC’s holdings in Intuit were worth $1,661,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of INTU. Mar Vista Investment Partners LLC boosted its stake in Intuit by 33.7% in the third quarter. Mar Vista Investment Partners LLC now owns 772,464 shares of the company’s stock valued at $84,979,000 after buying an additional 194,642 shares in the last quarter. Aperio Group LLC boosted its stake in Intuit by 4.0% in the third quarter. Aperio Group LLC now owns 147,894 shares of the company’s stock valued at $16,270,000 after buying an additional 5,712 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in Intuit by 2.3% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 29,590 shares of the company’s stock valued at $3,255,000 after buying an additional 675 shares in the last quarter. Quantitative Investment Management LLC boosted its stake in Intuit by 312.9% in the third quarter. Quantitative Investment Management LLC now owns 57,800 shares of the company’s stock valued at $6,358,000 after buying an additional 43,800 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Intuit by 35.5% in the third quarter. First Trust Advisors LP now owns 423,427 shares of the company’s stock valued at $46,581,000 after buying an additional 110,894 shares in the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.

Shares of Intuit Inc. (NASDAQ:INTU) traded down 0.03% on Friday, reaching $118.42. 138,758 shares of the company were exchanged. Intuit Inc. has a 52 week low of $88.17 and a 52 week high of $120.55. The company’s 50-day moving average is $116.79 and its 200-day moving average is $112.40. The company has a market capitalization of $30.39 billion, a price-to-earnings ratio of 31.68 and a beta of 1.07.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Intuit had a net margin of 20.59% and a return on equity of 82.77%. The business had revenue of $778 million for the quarter, compared to analysts’ expectations of $754.36 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Intuit Inc. will post $4.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Shareholders of record on Tuesday, January 10th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, January 6th. Intuit’s dividend payout ratio (DPR) is 36.27%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Intuit from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. Evercore ISI reissued a “hold” rating on shares of Intuit in a report on Wednesday, December 28th. Brean Capital reissued a “buy” rating and issued a $135.00 price target on shares of Intuit in a report on Wednesday, December 28th. Deutsche Bank AG reissued a “buy” rating and issued a $130.00 price target on shares of Intuit in a report on Friday, November 18th. Finally, J P Morgan Chase & Co reissued a “hold” rating and issued a $114.00 price target on shares of Intuit in a report on Thursday, November 17th. One equities research 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 stock presently has an average rating of “Hold” and an average price target of $200.83.

In other Intuit news, VP Mark J. Flournoy sold 1,892 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $115.47, for a total transaction of $218,469.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Henry Tayloe Stansbury sold 3,742 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $115.59, for a total transaction of $432,537.78. Following the transaction, the executive vice president now owns 4,412 shares in the company, valued at approximately $509,983.08. The disclosure for this sale can be found here. Insiders have sold 33,694 shares of company stock worth $3,896,876 in the last quarter. Company 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.

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