Intuit Inc. (NASDAQ:INTU) Stock Holdings Increased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 8,755.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 797 shares of the software maker's stock after buying an additional 788 shares during the quarter. Scissortail Wealth Management LLC's holdings in Intuit were worth $501,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Intuit during the fourth quarter worth approximately $25,000. NewSquare Capital LLC lifted its position in shares of Intuit by 72.0% during the fourth 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. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit in the 4th quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new position in Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

NASDAQ:INTU traded up $0.30 during midday trading on Tuesday, hitting $671.16. 1,044,423 shares of the stock were exchanged, compared to its average volume of 1,609,421. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The company has a market capitalization of $187.63 billion, a price-to-earnings ratio of 65.16, a P/E/G ratio of 2.85 and a beta of 1.24. The business has a 50-day moving average price of $610.04 and a two-hundred day moving average price of $619.55. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

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

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53% 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. 2.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a "neutral" rating for the company. Citigroup dropped their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Mizuho lifted their price target on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $720.16.

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.