OMERS ADMINISTRATION Corp Buys 1,075 Shares of Intuit Inc. (NASDAQ:INTU)

OMERS ADMINISTRATION Corp boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,473 shares of the software maker's stock after buying an additional 1,075 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Intuit were worth $7,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.3% in 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Intuit by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock worth $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP raised 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 acquiring an additional 620,559 shares during the period. Norges Bank acquired a new position in Intuit in the 4th quarter valued at approximately $2,290,419,000. Finally, Northern Trust Corp grew its stake in Intuit by 17.3% in the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock valued at $2,118,682,000 after buying an additional 498,030 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 0.1%

Shares of INTU traded up $0.72 during midday trading on Monday, hitting $671.00. The stock had a trading volume of 326,891 shares, compared to its average volume of 1,605,056. The company has a 50 day simple moving average of $608.44 and a two-hundred day simple moving average of $619.21. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $714.78. The firm has a market cap of $187.58 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis 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

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Intuit from $655.00 to $720.00 and gave the stock a "neutral" rating in a research report on Friday. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and increased their price target for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Oppenheimer decreased their target price on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley reduced their price target on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average target price of $720.16.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of Intuit 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 completion of the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the transaction, the director now owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 over the last quarter. Company insiders own 2.68% of the company's stock.

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.