Capitolis Liquid Global Markets LLC Makes New $109.99 Million Investment in Intuit Inc. (NASDAQ:INTU)

Capitolis Liquid Global Markets LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 175,000 shares of the software maker's stock, valued at approximately $109,988,000. Intuit accounts for approximately 1.1% of Capitolis Liquid Global Markets LLC's holdings, making the stock its 22nd largest holding. Capitolis Liquid Global Markets LLC owned about 0.06% of Intuit at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. R Squared Ltd bought a new position in Intuit in the fourth quarter worth approximately $25,000. NewSquare Capital LLC increased its holdings in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Intuit during the fourth quarter valued at approximately $28,000. Finally, Summit Securities Group LLC bought a new position in Intuit during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target on the stock in a research report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $717.53.

Intuit Price Performance

Shares of INTU opened at $632.18 on Tuesday. The firm has a market cap of $176.73 billion, a PE ratio of 61.38, a PEG ratio of 2.85 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $714.78. The firm's 50 day moving average price is $599.09 and its 200 day moving average price is $616.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Announces Dividend

The business also recently announced 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. This represents a $4.16 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is currently 38.81%.

Insider Activity

In related news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the transaction, the director now owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is currently owned by corporate insiders.

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.

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