Ensign Peak Advisors Inc Has $108.41 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Ensign Peak Advisors Inc raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,482 shares of the software maker's stock after buying an additional 16,073 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Intuit worth $108,405,000 at the end of the most recent quarter.

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

Intuit Trading Up 1.3%

NASDAQ INTU traded up $8.42 on Monday, hitting $662.30. 1,841,962 shares of the stock were exchanged, compared to its average volume of 1,595,635. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78. The firm has a market capitalization of $185.15 billion, a P/E ratio of 64.30, a P/E/G ratio of 2.85 and a beta of 1.24. The stock has a fifty day moving average price of $602.37 and a two-hundred day moving average price of $617.62. 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 Dividend Announcement

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

Insider Transactions at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the sale, the director now owns 8 shares in the company, valued at $4,800. The trade was a 99.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock valued at $14,347,731 in the last three months. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upgraded Intuit from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. Piper Sandler reissued an "overweight" rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. HSBC raised Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price for the company in a research note on Wednesday, April 23rd. StockNews.com upgraded Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Finally, BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $717.53.

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.