Unisphere Establishment Purchases 500,000 Shares of Intuit Inc. (NASDAQ:INTU)

Unisphere Establishment raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500,000 shares of the software maker's stock after purchasing an additional 500,000 shares during the period. Intuit accounts for about 8.2% of Unisphere Establishment's holdings, making the stock its 2nd biggest position. Unisphere Establishment owned 0.54% of Intuit worth $942,750,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Intuit during the 4th quarter valued at about $25,000. NewSquare Capital LLC raised its holdings in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Intuit in the 4th quarter worth $28,000. Heck Capital Advisors LLC purchased a new position in Intuit in the 4th quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit during the fourth quarter valued at approximately $28,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Intuit stock traded up $8.49 during trading hours on Friday, reaching $631.68. 1,367,187 shares of the stock were exchanged, compared to its average volume of 1,582,510. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78. The stock has a market cap of $176.59 billion, a P/E ratio of 61.33, a P/E/G ratio of 2.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm's 50 day moving average is $598.96 and its 200 day moving average is $616.36.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued 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 0.66%. Intuit's dividend payout ratio is currently 38.81%.

Insider Buying and Selling at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of Intuit 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 6,446 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a research report on Monday, March 31st. HSBC upgraded Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective for the company in a research report on Wednesday, April 23rd. Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. StockNews.com raised Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, BNP Paribas lowered Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price for the company. in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $717.53.

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.