Toronto Dominion Bank Has $109 Million Stake in Intuit Inc. (NASDAQ:INTU)

Toronto Dominion Bank raised its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,425 shares of the software maker's stock after buying an additional 4,703 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Intuit worth $108,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTU. Whalen Wealth Management Inc. acquired a new stake in shares of Intuit during the fourth quarter worth about $621,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intuit by 2.2% during the 4th 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 in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in Intuit by 3.8% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker's stock valued at $27,223,000 after buying an additional 1,602 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Intuit by 10.2% in the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker's stock valued at $13,906,000 after buying an additional 2,055 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in Intuit in the fourth quarter valued at approximately $109,988,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In related news, EVP Laura A. Fennell sold 8,163 shares of the firm's 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 sale, the executive vice president now owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. This trade represents a 27.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at $4,800. The trade was a 99.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,696 shares of company stock worth $14,347,731. Insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INTU shares. Mizuho boosted their target price on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded Intuit from a "neutral" rating to an "overweight" rating and raised their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Redburn Atlantic started coverage on Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Intuit in a research note on Monday. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $720.16.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $0.30 during midday trading on Tuesday, reaching $671.16. The company's stock had a trading volume of 1,044,423 shares, compared to its average volume of 1,609,419. The business's fifty day simple moving average is $611.83 and its 200-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. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $714.78. The company has a market capitalization of $187.63 billion, a P/E ratio of 65.16, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

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 was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.62%. Intuit's dividend 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.