Sherbrooke Park Advisers LLC Makes New $275,000 Investment in Intuit Inc. (NASDAQ:INTU)

Sherbrooke Park Advisers LLC bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 438 shares of the software maker's stock, valued at approximately $275,000.

Other hedge funds also recently bought and sold shares of the company. Whalen Wealth Management Inc. acquired a new stake in Intuit in the fourth quarter worth $621,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after acquiring an additional 3,648 shares during the period. Beacon Investment Advisory Services Inc. raised its holdings in shares of Intuit by 3.8% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker's stock worth $27,223,000 after acquiring an additional 1,602 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Intuit by 10.2% during the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker's stock worth $13,906,000 after acquiring an additional 2,055 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of Intuit during the fourth quarter worth $109,988,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the firm's 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 in the company, valued at approximately $3,758,436,774. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction dated 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 sale, 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. In the last 90 days, insiders sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

Shares of INTU opened at $670.86 on Tuesday. The firm has a 50-day moving average of $610.04 and a 200-day moving average of $619.55. 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 company has a market cap of $187.55 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio is presently 38.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group restated a "buy" rating on shares of Intuit in a report on Monday. JPMorgan Chase & Co. upgraded shares of Intuit from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. UBS Group raised their price objective on shares of Intuit from $655.00 to $720.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $785.00 target price (up previously from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $720.16.

Intuit 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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