DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $23.19 Million Holdings in Intuit Inc. (NASDAQ:INTU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,889 shares of the software maker's stock after buying an additional 813 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Intuit were worth $23,185,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock valued at $16,991,696,000 after purchasing an additional 353,185 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Intuit by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock valued at $3,833,720,000 after purchasing an additional 132,384 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Intuit by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after purchasing an additional 620,559 shares during the last quarter. Norges Bank purchased a new stake in shares of Intuit during the fourth quarter valued at $2,290,419,000. Finally, Northern Trust Corp lifted its holdings in shares of Intuit by 17.3% during the fourth quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock valued at $2,118,682,000 after purchasing an additional 498,030 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the sale, the executive vice president now owns 21,882 shares of the company's stock, valued at $13,401,849.72. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marianna Tessel sold 7,385 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $600.13, for a total value of $4,431,960.05. Following the completion of the sale, the executive vice president now directly owns 40,190 shares in the company, valued at $24,119,224.70. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock valued at $14,347,731 in the last 90 days. 2.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

INTU has been the subject of several analyst reports. JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and upped their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. StockNews.com raised Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Finally, Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus price target of $717.53.

Intuit Stock Up 1.3%

Shares of NASDAQ INTU traded up $8.42 during mid-day trading on Monday, reaching $662.30. 1,841,962 shares of the company traded hands, compared to its average volume of 1,595,635. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $185.15 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company's fifty day moving average is $602.37 and its two-hundred day moving average is $617.62. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $714.78.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is currently 38.81%.

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.