Quantinno Capital Management LP Has $15.92 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Quantinno Capital Management LP grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,334 shares of the software maker's stock after purchasing an additional 1,517 shares during the quarter. Quantinno Capital Management LP's holdings in Intuit were worth $15,923,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC increased its position in shares of Intuit by 2.0% during the 4th quarter. Pathstone Holdings LLC now owns 55,679 shares of the software maker's stock worth $34,993,000 after purchasing an additional 1,070 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Intuit during the 4th quarter worth about $2,601,000. Nissay Asset Management Corp Japan ADV increased its position in shares of Intuit by 114.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 160,840 shares of the software maker's stock worth $102,708,000 after purchasing an additional 85,773 shares in the last quarter. NorthRock Partners LLC grew its position in Intuit by 227.9% during the 4th quarter. NorthRock Partners LLC now owns 3,302 shares of the software maker's stock worth $2,075,000 after acquiring an additional 2,295 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Intuit during the 4th quarter valued at $237,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analysts Set New Price Targets

INTU has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a report on Monday, March 31st. Mizuho increased their price objective on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective on the stock in a report on Wednesday, April 23rd. Finally, Citigroup decreased their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average target price of $720.16.

Intuit Trading Up 1.4%

Shares of Intuit stock traded up $8.97 during trading hours on Friday, hitting $670.28. The company's stock had a trading volume of 1,555,132 shares, compared to its average volume of 1,606,742. The company has a market capitalization of $187.38 billion, a PE ratio of 65.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day moving average of $608.44 and a 200 day moving average of $619.16.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Insider Activity

In other news, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was 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 owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction that occurred 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 directly owns 8 shares in the company, valued at $4,800. The trade was a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 over the last quarter. 2.68% of the stock is currently owned by company insiders.

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.