Intuit Inc. (NASDAQ:INTU) Shares Bought by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd grew its stake in Intuit Inc. (NASDAQ:INTU) by 20.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,100 shares of the software maker’s stock after acquiring an additional 1,400 shares during the period. Intuit comprises 1.9% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 13th biggest holding. Aubrey Capital Management Ltd’s holdings in Intuit were worth $5,030,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its position in shares of Intuit by 33.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,094 shares of the software maker’s stock worth $711,000 after buying an additional 277 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Intuit by 6.5% during the 1st quarter. Kingsview Wealth Management LLC now owns 1,222 shares of the software maker’s stock worth $795,000 after buying an additional 75 shares during the last quarter. Leo Wealth LLC raised its position in Intuit by 9.1% during the first quarter. Leo Wealth LLC now owns 349 shares of the software maker’s stock worth $227,000 after acquiring an additional 29 shares during the last quarter. Trillium Asset Management LLC grew its holdings in Intuit by 58.3% during the 1st quarter. Trillium Asset Management LLC now owns 1,445 shares of the software maker’s stock valued at $939,000 after buying an additional 532 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Intuit by 30.8% in the 1st quarter. Brighton Jones LLC now owns 3,606 shares of the software maker’s stock valued at $2,344,000 after purchasing an additional 849 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $617.28, for a total value of $2,469,120.00. Following the completion of the sale, the chief financial officer now directly owns 452 shares of the company’s stock, valued at $279,010.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Intuit news, CFO Sandeep Aujla sold 4,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $617.28, for a total transaction of $2,469,120.00. Following the sale, the chief financial officer now directly owns 452 shares in the company, valued at $279,010.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott D. Cook sold 2,461 shares of Intuit stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the completion of the transaction, the insider now owns 6,453,105 shares in the company, valued at approximately $4,111,853,974.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,297 shares of company stock valued at $35,220,046 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Intuit Price Performance

Shares of INTU opened at $706.25 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market cap of $197.95 billion, a P/E ratio of 67.58, a price-to-earnings-growth ratio of 3.42 and a beta of 1.25. The stock’s 50-day moving average price is $630.03 and its two-hundred day moving average price is $629.21. Intuit Inc. has a 1 year low of $541.40 and a 1 year high of $714.78.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.14. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities analysts predict that Intuit Inc. will post 14.04 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 10th were given a dividend of $1.04 per share. The ex-dividend date was 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 0.59%. Intuit’s payout ratio is 39.81%.

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent research reports. Bank of America boosted their price target on Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley downgraded shares of Intuit from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Stifel Nicolaus lifted their price target on Intuit from $690.00 to $795.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and set a $768.00 price target on shares of Intuit in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $735.71.

About Intuit

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.