Natixis Has $21.51 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Natixis raised its position in Intuit Inc. (NASDAQ:INTU) by 162.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,230 shares of the software maker’s stock after buying an additional 21,176 shares during the quarter. Natixis’ holdings in Intuit were worth $21,514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. True North Advisors LLC boosted its position in Intuit by 4.3% during the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker’s stock worth $257,000 after buying an additional 17 shares during the period. Great Diamond Partners LLC boosted its position in shares of Intuit by 2.8% during the fourth 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 last quarter. Pacifica Partners Inc. lifted its position in shares of Intuit by 27.7% during the fourth quarter. Pacifica Partners Inc. now owns 83 shares of the software maker’s stock valued at $52,000 after purchasing an additional 18 shares in the last quarter. Drive Wealth Management LLC boosted its position in Intuit by 2.4% in the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker’s stock worth $478,000 after purchasing an additional 18 shares during the last quarter. Finally, 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 acquiring an additional 18 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now owns 21,882 shares of the company’s stock, valued at $13,401,849.72. This represents a 27.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the company’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 owns 8 shares of the company’s stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The disclosure for this sale can be found here. Over 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 company insiders.

Intuit Price Performance

NASDAQ INTU opened at $585.38 on Friday. 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 Inc. has a 1 year low of $532.65 and a 1 year high of $714.78. The stock has a market capitalization of $163.65 billion, a P/E ratio of 56.83, a P/E/G ratio of 2.85 and a beta of 1.25. The business’s fifty day moving average is $592.03 and its two-hundred day moving average is $616.49.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were paid 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 0.71%. Intuit’s payout ratio is 38.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Oppenheimer reduced their target price on shares of Intuit from $722.00 to $642.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Redburn Atlantic initiated coverage on shares of Intuit in a report on Wednesday, February 19th. They set a “neutral” rating for the company. Scotiabank upgraded shares of Intuit from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $600.00 to $700.00 in a research report on Thursday. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and raised their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Finally, BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $718.56.

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.