Capitolis Liquid Global Markets LLC Acquires New Stake in Intuit Inc. (NASDAQ:INTU)

Capitolis Liquid Global Markets LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 175,000 shares of the software maker's stock, valued at approximately $109,988,000. Intuit accounts for about 1.1% of Capitolis Liquid Global Markets LLC's investment portfolio, making the stock its 22nd largest position. Capitolis Liquid Global Markets LLC owned approximately 0.06% of Intuit as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTU. Norges Bank acquired a new stake in Intuit in the 4th quarter valued at $2,290,419,000. Proficio Capital Partners LLC grew its holdings in shares of Intuit by 112,233.1% in the 4th quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker's stock worth $668,595,000 after purchasing an additional 1,062,847 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Intuit by 13.3% during the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock worth $3,329,115,000 after purchasing an additional 620,559 shares in the last quarter. Unisphere Establishment lifted its holdings in Intuit by 50.0% during the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Intuit by 17.3% in the fourth quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock valued at $2,118,682,000 after buying an additional 498,030 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now owns 8 shares in the company, valued at $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Laura A. Fennell sold 8,163 shares of the company'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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock valued at $14,347,731 over the last ninety days. 2.68% of the stock is owned by corporate insiders.

Intuit Price Performance

NASDAQ:INTU traded down $2.20 during mid-day trading on Friday, reaching $653.88. The stock had a trading volume of 1,158,757 shares, compared to its average volume of 1,594,645. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78. The stock has a market capitalization of $182.80 billion, a PE ratio of 63.48, a P/E/G ratio of 2.85 and a beta of 1.24. 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 stock has a 50-day simple moving average of $602.37 and a two-hundred day simple moving average of $617.53.

Intuit Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Redburn Atlantic assumed coverage on Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating on the stock. Morgan Stanley lowered their target price on Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Oppenheimer cut their price target on Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $717.53.

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.