Axa S.A. Has $142.09 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Axa S.A. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,204 shares of the software maker’s stock after buying an additional 1,123 shares during the period. Axa S.A.’s holdings in Intuit were worth $142,091,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in Intuit in the 2nd quarter worth about $25,000. Cultivar Capital Inc. bought a new position in Intuit in the 2nd quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in Intuit during the 2nd quarter worth approximately $26,000. Hobbs Group Advisors LLC acquired a new stake in Intuit during the 2nd quarter worth approximately $35,000. Finally, Trifecta Capital Advisors LLC grew its holdings in Intuit by 145.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 59 shares of the software maker’s stock worth $39,000 after acquiring an additional 35 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 2,461 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Laura A. Fennell sold 30,159 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $642.36, for a total value of $19,372,935.24. Following the completion of the transaction, the executive vice president now directly owns 52,038 shares of the company’s stock, valued at $33,427,129.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 2,461 shares of Intuit stock in a transaction on 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 sale, the insider now owns 6,453,105 shares in the company, valued at $4,111,853,974.95. The disclosure for this sale can be found here. Insiders have sold 52,548 shares of company stock valued at $33,604,124 in the last three months. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Erste Group Bank reiterated a “hold” rating on shares of Intuit in a report on Friday, June 14th. Barclays cut their target price on Intuit from $745.00 to $740.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. BMO Capital Markets raised their price objective on Intuit from $700.00 to $760.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Bank of America upped their target price on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Stifel Nicolaus raised their price target on shares of Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $720.37.

Intuit Stock Down 0.6 %

Intuit stock opened at $638.20 on Wednesday. The firm has a market capitalization of $178.88 billion, a price-to-earnings ratio of 58.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. The firm’s fifty day moving average price is $635.93 and its two-hundred day moving average price is $630.96. Intuit Inc. has a 1-year low of $473.56 and a 1-year high of $676.62. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, equities research analysts predict that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, October 10th. This is a boost from Intuit’s previous quarterly dividend of $0.90. This represents a $4.16 annualized dividend and a yield of 0.65%. Intuit’s dividend payout ratio (DPR) is 33.21%.

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.