21,311 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,311 shares of the software maker's stock, valued at approximately $13,394,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Intuit during the 4th quarter worth $25,000. NewSquare Capital LLC lifted its position in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Intuit in the 4th quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit during the 4th quarter worth approximately $28,000. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the transaction, the executive vice president now owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,696 shares of company stock valued at $14,347,731. Corporate insiders own 2.68% of the company's stock.

Analysts Set New Price Targets

INTU has been the topic of several analyst reports. Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. Mizuho boosted their target price on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Redburn Atlantic initiated coverage on Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. BNP Paribas lowered Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target on the stock. in a research note on Wednesday, January 15th. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and an average target price of $717.53.

Intuit Stock Performance

INTU stock traded down $2.20 during trading on Friday, hitting $653.88. 1,158,757 shares of the company traded hands, compared to its average volume of 1,594,645. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $714.78. The company has a market cap 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 stock's 50-day simple moving average is $602.37 and its 200 day simple moving average is $617.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit Dividend Announcement

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

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.