J.W. Cole Advisors Inc. bought a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 679 shares of the software maker’s stock, valued at approximately $424,000.
Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Intuit in the 3rd quarter valued at about $51,000. V Square Quantitative Management LLC grew its position in shares of Intuit by 18.8% during the third quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after buying an additional 482 shares in the last quarter. Compagnie Lombard Odier SCmA grew its position in shares of Intuit by 27.5% during the third quarter. Compagnie Lombard Odier SCmA now owns 8,800 shares of the software maker’s stock worth $4,496,000 after buying an additional 1,900 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Intuit by 12.7% during the third quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock worth $9,400,000 after buying an additional 2,074 shares in the last quarter. Finally, Hixon Zuercher LLC acquired a new position in shares of Intuit during the fourth quarter worth about $1,292,000. 83.66% of the stock is owned by institutional investors and hedge funds.
Intuit Price Performance
Shares of NASDAQ INTU opened at $630.88 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. Intuit Inc. has a twelve month low of $400.22 and a twelve month high of $671.01. The stock has a 50 day moving average of $641.83 and a two-hundred day moving average of $601.63. The stock has a market cap of $176.65 billion, a P/E ratio of 64.38, a P/E/G ratio of 3.71 and a beta of 1.21.
Intuit Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 36.73%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Intuit from $615.00 to $710.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Oppenheimer boosted their price objective on Intuit from $678.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Susquehanna boosted their price objective on Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Barclays boosted their price objective on Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $645.00.
View Our Latest Report on Intuit
Insider Transactions at Intuit
In related news, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $663.84, for a total value of $2,450,897.28. Following the sale, the executive vice president now owns 22,948 shares of the company’s stock, valued at $15,233,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Insiders sold 4,717 shares of company stock worth $3,117,156 over the last 90 days. 2.90% of the stock is currently owned by insiders.
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.
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