Hancock Whitney Corp Has $12.18 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Hancock Whitney Corp boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,376 shares of the software maker's stock after purchasing an additional 609 shares during the period. Hancock Whitney Corp's holdings in Intuit were worth $12,178,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Intuit during the 4th quarter worth $25,000. NewSquare Capital LLC boosted its position in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Heck Capital Advisors LLC purchased a new position in Intuit in the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit during the 4th quarter worth about $28,000. Finally, Summit Securities Group LLC acquired a new stake in Intuit during the 4th quarter worth about $28,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the firm's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction 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 in the company, valued at $4,800. This trade represents a 99.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 in the last 90 days. 2.68% of the stock is owned by company insiders.

Intuit Stock Up 0.4 %

Shares of NASDAQ INTU traded up $2.72 during mid-day trading on Tuesday, reaching $620.95. 336,916 shares of the company traded hands, compared to its average volume of 1,575,684. The company's fifty day moving average is $594.20 and its two-hundred day moving average is $616.09. 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 Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $714.78. The stock has a market cap of $173.59 billion, a PE ratio of 60.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. Intuit's dividend payout ratio is presently 38.81%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $600.00 to $700.00 in a research report on Thursday, April 17th. Oppenheimer dropped their price target on Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler restated an "overweight" rating and set a $785.00 price objective (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.