552 Shares in Intuit Inc. (NASDAQ:INTU) Acquired by Lionshead Wealth Management LLC

Lionshead Wealth Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 552 shares of the software maker's stock, valued at approximately $347,000.

Several other hedge funds have also made changes to their positions in INTU. Janus Henderson Group PLC raised its position in shares of Intuit by 72.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,073,103 shares of the software maker's stock worth $674,458,000 after buying an additional 451,039 shares during the period. Junto Capital Management LP grew its position in Intuit by 203.6% during the fourth quarter. Junto Capital Management LP now owns 151,845 shares of the software maker's stock valued at $95,435,000 after acquiring an additional 101,828 shares during the period. Gen Wealth Partners Inc increased its stake in Intuit by 29.5% during the fourth quarter. Gen Wealth Partners Inc now owns 1,235 shares of the software maker's stock worth $776,000 after acquiring an additional 281 shares during the last quarter. Graham Capital Management L.P. raised its holdings in shares of Intuit by 15.0% in the 4th quarter. Graham Capital Management L.P. now owns 1,150 shares of the software maker's stock worth $723,000 after purchasing an additional 150 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Intuit by 1.7% in the 4th quarter. Focus Partners Wealth now owns 146,116 shares of the software maker's stock valued at $91,912,000 after purchasing an additional 2,401 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In related news, insider Scott D. Cook sold 6,446 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the transaction, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the sale, the executive vice president now owns 21,882 shares in the company, valued at approximately $13,401,849.72. This represents a 27.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,696 shares of company stock valued at $14,347,731. Company insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Citigroup reduced their price objective on Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Redburn Atlantic initiated coverage on Intuit in a report on Wednesday, February 19th. They issued a "neutral" rating for the company. BNP Paribas lowered shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. Finally, StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $717.53.

Intuit Stock Performance

Shares of INTU stock traded up $8.48 on Thursday, hitting $661.31. 1,547,912 shares of the stock traded hands, compared to its average volume of 1,602,271. The company's fifty day moving average is $605.14 and its 200 day moving average is $618.50. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78. The company has a market capitalization of $184.88 billion, a PE ratio of 64.20, a PEG 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. Stockholders of record on Thursday, April 10th were given a $1.04 dividend. The ex-dividend date was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.63%. Intuit's payout ratio is currently 38.81%.

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.