Intuit Inc. (NASDAQ:INTU) Holdings Trimmed by Bokf Na

BOKF NA trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,029 shares of the software maker's stock after selling 409 shares during the quarter. BOKF NA's holdings in Intuit were worth $10,616,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of Intuit during the 4th quarter valued at about $25,000. NewSquare Capital LLC grew its stake in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Intuit in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit in the fourth quarter valued at approximately $28,000. Finally, Summit Securities Group LLC acquired a new stake in Intuit during the 4th quarter worth $28,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTU. Mizuho lifted their target price on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Piper Sandler restated an "overweight" rating and issued a $785.00 price target (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Citigroup decreased their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $717.53.

Intuit Price Performance

Intuit stock traded down $2.20 during mid-day trading on Friday, reaching $653.88. 1,158,757 shares of the company's stock traded hands, compared to its average volume of 1,591,937. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $714.78. The company has a market cap of $182.80 billion, a price-to-earnings ratio of 63.48, a PEG ratio of 2.85 and a beta of 1.24. The stock has a 50 day moving average of $602.37 and a two-hundred day moving average of $617.42.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, April 10th. Intuit's payout ratio is currently 38.81%.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the sale, the executive vice president now owns 21,882 shares of the company's stock, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 in the last three months. Corporate insiders own 2.68% of the company's stock.

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.