Janus Henderson Group PLC Acquires 451,039 Shares of Intuit Inc. (NASDAQ:INTU)

Janus Henderson Group PLC increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,073,103 shares of the software maker's stock after purchasing an additional 451,039 shares during the period. Janus Henderson Group PLC owned 0.38% of Intuit worth $674,458,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Intuit in the 4th quarter worth approximately $25,000. NewSquare Capital LLC lifted its holdings in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new position in Intuit in the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Intuit in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit in the 4th quarter worth approximately $28,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Redburn Atlantic assumed coverage on Intuit in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Oppenheimer reduced their price objective on Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price objective on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $717.53.

Intuit Trading Down 0.6%

Shares of NASDAQ INTU traded down $3.97 during trading hours on Wednesday, hitting $652.83. 1,947,943 shares of the company traded hands, compared to its average volume of 1,602,487. The stock has a market capitalization of $182.51 billion, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company's 50 day moving average price is $605.14 and its 200 day moving average price is $618.50. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

Insider Activity

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the company'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 transaction, the director now owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the transaction, the executive vice president now directly owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is currently owned by insiders.

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.