Mason Street Advisors LLC Acquires 80 Shares of Intuit Inc. (NASDAQ:INTU)

Mason Street Advisors LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,052 shares of the software maker’s stock after acquiring an additional 80 shares during the quarter. Mason Street Advisors LLC’s holdings in Intuit were worth $9,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INTU. Nuveen Asset Management LLC raised its position in Intuit by 4,951.7% during the second quarter. Nuveen Asset Management LLC now owns 4,988,508 shares of the software maker’s stock valued at $1,303,647,000 after acquiring an additional 4,889,759 shares in the last quarter. Invesco Ltd. raised its position in Intuit by 96.3% during the second quarter. Invesco Ltd. now owns 6,001,471 shares of the software maker’s stock valued at $1,568,367,000 after acquiring an additional 2,944,291 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Intuit by 28.7% in the second quarter. Janus Henderson Group PLC now owns 4,752,482 shares of the software maker’s stock valued at $1,241,949,000 after purchasing an additional 1,060,033 shares during the period. JPMorgan Chase & Co. raised its position in shares of Intuit by 38.0% in the second quarter. JPMorgan Chase & Co. now owns 2,812,304 shares of the software maker’s stock valued at $725,545,000 after purchasing an additional 774,853 shares during the period. Finally, BlackRock Inc. raised its position in shares of Intuit by 2.5% in the second quarter. BlackRock Inc. now owns 20,667,701 shares of the software maker’s stock valued at $5,401,090,000 after purchasing an additional 503,291 shares during the period. 87.20% of the stock is currently owned by hedge funds and other institutional investors.

In other Intuit news, Chairman Scott D. Cook sold 75,502 shares of Intuit stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $270.40, for a total transaction of $20,415,740.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffrey David Ayers sold 39,689 shares of Intuit stock in a transaction on Friday, September 20th. The stock was sold at an average price of $17.15, for a total transaction of $680,666.35. Insiders have sold 285,279 shares of company stock worth $68,553,645 in the last ninety days. 4.60% of the stock is currently owned by insiders.

INTU stock traded up $1.11 on Monday, reaching $257.96. 72,395 shares of the company were exchanged, compared to its average volume of 1,389,052. Intuit Inc. has a 12 month low of $182.61 and a 12 month high of $295.77. The stock’s fifty day moving average price is $262.77 and its 200 day moving average price is $264.79. The firm has a market capitalization of $65.84 billion, a PE ratio of 46.23, a PEG ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.83.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 22nd. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.37. Intuit had a net margin of 22.95% and a return on equity of 43.86%. The business had revenue of $994.00 million for the quarter, compared to analyst estimates of $964.02 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Intuit’s revenue was up 15.0% compared to the same quarter last year. As a group, research analysts expect that Intuit Inc. will post 6.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 10th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.12 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Intuit’s previous quarterly dividend of $0.47. Intuit’s payout ratio is 37.99%.

INTU has been the topic of a number of recent analyst reports. UBS Group lowered shares of Intuit to a “sell” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on shares of Intuit from $244.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, August 26th. Credit Suisse Group lifted their price target on shares of Intuit from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Peel Hunt reissued a “hold” rating on shares of Intuit in a research report on Tuesday, October 22nd. Finally, Bank of America lifted their price target on shares of Intuit from $264.00 to $303.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $278.21.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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