4,138 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,138 shares of the software maker's stock, valued at approximately $2,601,000.

A number of other large investors have also recently made changes to their positions in INTU. Vanguard Group Inc. grew 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 worth $16,991,696,000 after purchasing an additional 353,185 shares during the last quarter. Geode Capital Management LLC boosted its stake in Intuit by 2.2% during the fourth 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 during the period. Wellington Management Group LLP raised its holdings in Intuit by 13.3% in 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 in the last quarter. Norges Bank acquired a new position in shares of Intuit in the 4th quarter valued at $2,290,419,000. Finally, Northern Trust Corp grew its stake in shares of Intuit by 17.3% during the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after purchasing an additional 498,030 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTU. Redburn Atlantic initiated coverage on Intuit in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. Citigroup dropped 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. Jefferies Financial Group reduced their price objective on shares of Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Piper Sandler restated an "overweight" rating and issued a $785.00 price objective (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. One investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $720.16.

Intuit Price Performance

Shares of Intuit stock traded up $3.93 during midday trading on Monday, hitting $674.21. 411,306 shares of the company traded hands, compared to its average volume of 1,809,990. The firm's fifty day moving average price is $608.44 and its 200-day moving average price is $619.21. 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 12 month low of $532.65 and a 12 month high of $714.78. The stock has a market cap of $188.48 billion, a price-to-earnings ratio of 65.46, a PEG ratio of 2.85 and a beta of 1.24.

Intuit Announces Dividend

The firm also recently announced 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 yield of 0.62%. Intuit's dividend payout ratio is presently 38.81%.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 8 shares in the company, valued at $4,800. This represents a 99.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This represents a 27.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock worth $14,347,731 in the last ninety days. Company insiders own 2.68% of the company's stock.

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.