Caisse DE Depot ET Placement DU Quebec Has $26.35 Million Position in Intuit Inc. (INTU)

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 72.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,598 shares of the software maker’s stock after selling 495,600 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Intuit worth $26,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Wetherby Asset Management Inc. raised its holdings in Intuit by 0.4% during the second quarter. Wetherby Asset Management Inc. now owns 7,040 shares of the software maker’s stock valued at $935,000 after acquiring an additional 27 shares during the period. Bank of Hawaii raised its holdings in Intuit by 1.2% during the second quarter. Bank of Hawaii now owns 2,509 shares of the software maker’s stock valued at $333,000 after acquiring an additional 30 shares during the period. TCI Wealth Advisors Inc. raised its holdings in Intuit by 0.6% during the second quarter. TCI Wealth Advisors Inc. now owns 5,592 shares of the software maker’s stock valued at $743,000 after acquiring an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Intuit by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,084 shares of the software maker’s stock valued at $2,402,000 after acquiring an additional 59 shares during the period. Finally, Financial Advisors Network Inc. raised its holdings in Intuit by 2.8% during the second quarter. Financial Advisors Network Inc. now owns 2,740 shares of the software maker’s stock valued at $364,000 after acquiring an additional 74 shares during the period. Institutional investors own 86.28% of the company’s stock.

In other Intuit news, CEO Brad D. Smith sold 110,496 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total transaction of $16,729,094.40. Following the completion of the transaction, the chief executive officer now owns 399,246 shares in the company, valued at $60,445,844.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Henry Tayloe Stansbury sold 1,783 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total value of $257,108.60. Following the transaction, the executive vice president now owns 2,675 shares of the company’s stock, valued at approximately $385,735. The disclosure for this sale can be found here. Insiders have sold 1,097,555 shares of company stock worth $160,825,842 over the last three months. 5.59% of the stock is currently owned by insiders.

A number of equities research analysts have commented on the company. First Analysis raised Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target on the stock in a report on Wednesday, August 23rd. William Blair assumed coverage on Intuit in a report on Tuesday, September 19th. They set an “outperform” rating on the stock. UBS cut Intuit to an “underperform” rating in a report on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and set a $148.00 price target on shares of Intuit in a report on Tuesday, November 21st. Finally, Wells Fargo & Company raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target on the stock in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $152.89.

Shares of Intuit Inc. (NASDAQ:INTU) opened at $154.47 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. Intuit Inc. has a 52 week low of $111.90 and a 52 week high of $158.90. The firm has a market capitalization of $39,508.13, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The company had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities analysts predict that Intuit Inc. will post 3.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 annualized dividend and a yield of 1.01%. Intuit’s payout ratio is currently 41.38%.

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Intuit Profile

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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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