Intuit Inc. (NASDAQ:INTU) Shares Bought by Prana Capital Management LP

Prana Capital Management LP lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 84.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,327 shares of the software maker's stock after buying an additional 11,166 shares during the quarter. Prana Capital Management LP's holdings in Intuit were worth $15,290,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. True North Advisors LLC boosted its stake in shares of Intuit by 4.3% during the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after purchasing an additional 17 shares during the period. Great Diamond Partners LLC boosted its position in Intuit by 2.8% in the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after buying an additional 17 shares during the period. Pacifica Partners Inc. grew its stake in Intuit by 27.7% in the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after acquiring an additional 18 shares in the last quarter. Drive Wealth Management LLC raised its stake in shares of Intuit by 2.4% during the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock valued at $478,000 after acquiring an additional 18 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. The Goldman Sachs Group restated a "buy" rating on shares of Intuit in a report on Monday. Jefferies Financial Group cut their price target on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Redburn Atlantic assumed coverage on shares of Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. Mizuho increased their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Finally, Oppenheimer reduced their price target on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $720.16.

Intuit Stock Down 0.1%

INTU stock traded down $0.83 on Tuesday, hitting $670.03. 435,233 shares of the company's stock were exchanged, compared to its average volume of 1,805,332. The firm has a 50 day moving average price of $610.04 and a two-hundred day moving average price of $619.55. 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 $187.31 billion, a P/E ratio of 65.03, 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 quick ratio of 1.24 and a current ratio of 1.24.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were paid a $1.04 dividend. 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%.

Insiders Place Their Bets

In other news, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now directly owns 8 shares in the company, valued at $4,800. This trade represents a 99.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,696 shares of company stock valued at $14,347,731. 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.