Commerzbank Aktiengesellschaft FI Acquires 511 Shares of Intuit Inc. (NASDAQ:INTU)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 27.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,342 shares of the software maker’s stock after acquiring an additional 511 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Intuit were worth $1,477,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INTU. R Squared Ltd bought a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit in the fourth quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of Intuit in the fourth quarter worth $29,000. Finally, Denver PWM LLC purchased a new position in shares of Intuit in the third quarter worth $32,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other Intuit news, EVP Mark P. Notarainni sold 3,649 shares of Intuit stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $646.68, for a total value of $2,359,735.32. Following the transaction, the executive vice president now owns 19 shares in the company, valued at $12,286.92. The trade was a 99.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laura A. Fennell sold 7,700 shares of Intuit stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total value of $5,063,828.00. Following the completion of the transaction, the executive vice president now owns 33,916 shares in the company, valued at $22,304,518.24. This trade represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,460 shares of company stock worth $144,750,747. Company insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of several research analyst reports. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective for the company in a research note on Wednesday, February 26th. Citigroup dropped their price objective on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Finally, Mizuho increased their target price on Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $720.50.

Intuit Stock Down 0.5 %

NASDAQ:INTU opened at $598.07 on Wednesday. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The company has a market cap of $167.20 billion, a price-to-earnings ratio of 58.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The stock has a fifty day simple moving average of $604.21 and a 200-day simple moving average of $626.30. 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 announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.70%. Intuit’s dividend payout ratio (DPR) is 38.81%.

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.