Clark Capital Management Group Inc. Purchases 1,028 Shares of Intuit Inc. (NASDAQ:INTU)

Clark Capital Management Group Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,122 shares of the software maker's stock after acquiring an additional 1,028 shares during the quarter. Clark Capital Management Group Inc.'s holdings in Intuit were worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. True North Advisors LLC increased its position in shares of Intuit by 4.3% in the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after purchasing an additional 17 shares during the last quarter. Great Diamond Partners LLC boosted its holdings in shares of Intuit by 2.8% in the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after buying an additional 17 shares during the period. Pacifica Partners Inc. boosted its holdings in shares of Intuit by 27.7% in the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock valued at $52,000 after buying an additional 18 shares during the period. Drive Wealth Management LLC boosted its stake in Intuit by 2.4% during the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock valued at $478,000 after purchasing an additional 18 shares during the period. Finally, NewSquare Capital LLC boosted its stake in Intuit by 72.0% during the 4th 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 period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Up 1.3%

Shares of NASDAQ INTU traded up $8.42 during mid-day trading on Monday, reaching $662.30. The company had a trading volume of 1,841,962 shares, compared to its average volume of 1,595,635. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $185.15 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The stock's 50 day moving average is $602.37 and its 200-day moving average is $617.62.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. Jefferies Financial Group dropped their price target on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a report on Monday, March 31st. BMO Capital Markets dropped their price target on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $717.53.

Insider Transactions at Intuit

In other Intuit news, EVP Marianna Tessel sold 7,385 shares of the 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 transaction, the executive vice president now directly owns 40,190 shares of the company's stock, valued at $24,119,224.70. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of the 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 directly owns 21,882 shares in the company, valued at $13,401,849.72. The trade was a 27.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by 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.