Tema Etfs LLC Takes Position in Intuit Inc. (NASDAQ:INTU)

Tema Etfs LLC acquired a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,105 shares of the software maker's stock, valued at approximately $694,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Toronto Dominion Bank boosted its position in shares of Intuit by 2.8% in the 4th quarter. Toronto Dominion Bank now owns 173,425 shares of the software maker's stock worth $108,998,000 after buying an additional 4,703 shares in the last quarter. Scissortail Wealth Management LLC boosted its position in shares of Intuit by 8,755.6% in the 4th quarter. Scissortail Wealth Management LLC now owns 797 shares of the software maker's stock worth $501,000 after buying an additional 788 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Intuit by 1.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 9,302 shares of the software maker's stock worth $5,846,000 after buying an additional 93 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Intuit in the 4th quarter worth about $275,000. Finally, Sig Brokerage LP purchased a new stake in shares of Intuit in the 4th quarter worth about $324,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Intuit in a research report on Monday. BMO Capital Markets decreased their price target on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Redburn Atlantic initiated coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $720.16.

Insider Activity 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 transaction, the director now directly owns 8 shares of the company's stock, valued at approximately $4,800. The trade was a 99.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on Monday, March 24th. The shares were 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 in the company, valued at $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 quarter, insiders have sold 23,696 shares of company stock worth $14,347,731. Company insiders own 2.68% of the company's stock.

Intuit Trading Up 0.0%

NASDAQ INTU traded up $0.30 during mid-day trading on Tuesday, hitting $671.16. The company's stock had a trading volume of 1,044,423 shares, compared to its average volume of 1,609,419. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78. The stock's fifty day simple moving average is $611.83 and its two-hundred day simple moving average is $619.91. 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 firm has a market capitalization of $187.63 billion, a P/E ratio of 65.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.62%. Intuit's payout ratio is 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.