Intuit Inc. (NASDAQ:INTU) Shares Sold by BB&T Corp

BB&T Corp lessened its position in Intuit Inc. (NASDAQ:INTU) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,005 shares of the software maker’s stock after selling 2,967 shares during the period. BB&T Corp’s holdings in Intuit were worth $10,040,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of INTU. Moody National Bank Trust Division bought a new position in shares of Intuit in the fourth quarter valued at about $35,000. Csenge Advisory Group bought a new stake in Intuit during the 3rd quarter worth about $54,000. Oakworth Capital Inc. raised its holdings in Intuit by 2,480.0% during the 3rd quarter. Oakworth Capital Inc. now owns 516 shares of the software maker’s stock worth $117,000 after purchasing an additional 496 shares during the last quarter. Willingdon Wealth Management bought a new stake in Intuit during the 3rd quarter worth about $121,000. Finally, Girard Partners LTD. bought a new stake in Intuit during the 3rd quarter worth about $128,000. Institutional investors own 94.01% of the company’s stock.

Shares of INTU stock opened at $228.59 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $59.42 billion, a PE ratio of 50.46, a P/E/G ratio of 2.62 and a beta of 1.16. Intuit Inc. has a one year low of $158.13 and a one year high of $231.84.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $971.45 million. Intuit had a return on equity of 56.35% and a net margin of 20.71%. Intuit’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, sell-side analysts expect that Intuit Inc. will post 5.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Thursday, January 10th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $1.88 annualized dividend and a dividend yield of 0.82%. Intuit’s dividend payout ratio is presently 41.50%.

In related news, EVP Henry Tayloe Stansbury sold 7,302 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $197.82, for a total value of $1,444,481.64. Following the completion of the transaction, the executive vice president now directly owns 5,752 shares in the company, valued at approximately $1,137,860.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad D. Smith sold 22,418 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $205.63, for a total value of $4,609,813.34. Following the completion of the transaction, the chief executive officer now owns 292,520 shares of the company’s stock, valued at $60,150,887.60. The disclosure for this sale can be found here. Insiders sold a total of 347,207 shares of company stock valued at $68,710,900 over the last quarter. 4.60% of the stock is owned by insiders.

Several analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Intuit to $234.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 20th. Goldman Sachs Group reissued a “neutral” rating and set a $212.00 price objective on shares of Intuit in a report on Friday, February 1st. KeyCorp assumed coverage on Intuit in a report on Tuesday, December 18th. They set an “overweight” rating and a $250.00 price objective for the company. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Finally, BidaskClub cut Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Intuit presently has a consensus rating of “Buy” and a consensus target price of $225.63.

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About Intuit

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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