Unio Capital LLC Has $18 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Unio Capital LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 101.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,637 shares of the software maker's stock after purchasing an additional 14,436 shares during the quarter. Intuit makes up about 6.4% of Unio Capital LLC's investment portfolio, making the stock its 3rd largest holding. Unio Capital LLC's holdings in Intuit were worth $17,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. bought a new position in Intuit during the 4th quarter valued at approximately $621,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intuit by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Intuit by 3.8% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker's stock worth $27,223,000 after purchasing an additional 1,602 shares in the last quarter. Hantz Financial Services Inc. grew its position in Intuit by 10.2% during the 4th quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker's stock valued at $13,906,000 after purchasing an additional 2,055 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new position in Intuit in the 4th quarter valued at approximately $109,988,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In related news, EVP Marianna Tessel sold 7,385 shares of Intuit stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the sale, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock worth $14,347,731 over the last ninety days. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Up 0.1%

Shares of NASDAQ:INTU opened at $670.86 on Tuesday. The firm has a market capitalization of $187.55 billion, a price-to-earnings ratio of 65.13, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The business's 50 day moving average price is $610.04 and its 200-day moving average price is $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. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $714.78.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. Mizuho raised their price target on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Morgan Stanley lowered their price objective on Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upgraded Intuit from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and an average price target of $720.16.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.