Elo Mutual Pension Insurance Co increased its position in shares of Intuit Inc. (NASDAQ:INTU – Get Rating) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,495 shares of the software maker’s stock after acquiring an additional 1,350 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Intuit were worth $13,183,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC grew its position in shares of Intuit by 1,157.4% in the fourth quarter. Fisher Asset Management LLC now owns 1,203,273 shares of the software maker’s stock valued at $773,970,000 after purchasing an additional 1,107,581 shares during the last quarter. Putnam Investments LLC raised its stake in shares of Intuit by 537.2% in the third quarter. Putnam Investments LLC now owns 1,137,235 shares of the software maker’s stock valued at $613,550,000 after acquiring an additional 958,753 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Intuit by 210.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 646,831 shares of the software maker’s stock valued at $348,972,000 after acquiring an additional 438,702 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in shares of Intuit in the third quarter valued at approximately $181,491,000. Finally, Bessemer Group Inc. raised its position in Intuit by 2,692.3% in the 4th quarter. Bessemer Group Inc. now owns 313,801 shares of the software maker’s stock worth $201,843,000 after purchasing an additional 302,563 shares during the last quarter. Institutional investors own 81.40% of the company’s stock.
Shares of NASDAQ INTU traded down $25.83 during midday trading on Friday, hitting $418.75. The company’s stock had a trading volume of 1,897,967 shares, compared to its average volume of 1,610,208. The stock has a fifty day moving average price of $466.49 and a 200 day moving average price of $552.98. Intuit Inc. has a one year low of $385.66 and a one year high of $716.86. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $118.43 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 3.34 and a beta of 1.12.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 11th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, April 8th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.65%. Intuit’s dividend payout ratio (DPR) is 34.69%.
INTU has been the subject of several research analyst reports. Bank of America dropped their price objective on shares of Intuit from $750.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, February 25th. KeyCorp decreased their price target on shares of Intuit from $700.00 to $600.00 and set an “overweight” rating for the company in a report on Monday, February 28th. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $492.00 price target for the company in a report on Wednesday, March 2nd. Mizuho reduced their target price on shares of Intuit from $730.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd. Finally, BMO Capital Markets reduced their target price on shares of Intuit from $625.00 to $600.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $613.95.
In related news, EVP Laura A. Fennell sold 59,286 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Alexander Chriss sold 368 shares of the stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $478.84, for a total transaction of $176,213.12. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by corporate insiders.
Intuit Profile (Get Rating)
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 ProConnect.
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