Intuit Inc. (NASDAQ:INTU) Shares Bought by Axa S.A.

AXA S.A. boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 301,500 shares of the software maker's stock after acquiring an additional 72,683 shares during the quarter. AXA S.A. owned about 0.11% of Intuit worth $189,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INTU. Nordea Investment Management AB boosted its stake in shares of Intuit by 83.2% in the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock worth $371,984,000 after buying an additional 268,060 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of Intuit during the 4th quarter valued at approximately $621,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Intuit by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock valued at $107,854,000 after purchasing an additional 3,648 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in Intuit by 3.8% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker's stock worth $27,223,000 after buying an additional 1,602 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Intuit by 109.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 24,666 shares of the software maker's stock valued at $15,502,000 after buying an additional 12,916 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Up 2.3 %

Shares of INTU stock traded up $14.43 during trading hours on Wednesday, reaching $640.98. 1,637,940 shares of the stock were exchanged, compared to its average volume of 1,584,433. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $714.78. The business's fifty day moving average is $599.61 and its two-hundred day moving average is $616.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $179.19 billion, a P/E ratio of 62.23, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Oppenheimer cut their target price on Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Citigroup dropped their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. BNP Paribas downgraded shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a research note on Wednesday, January 15th. Finally, Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $600.00 to $700.00 in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $717.53.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 6,446 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the transaction, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marianna Tessel sold 7,385 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares of the company's stock, valued at $24,119,224.70. This represents a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock worth $14,347,731 over the last ninety days. Corporate insiders own 2.68% of the company's stock.

Intuit Company Profile

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.