Andra AP fonden Acquires 4,400 Shares of Intuit Inc. (NASDAQ:INTU)

Andra AP fonden lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 11.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,600 shares of the software maker’s stock after acquiring an additional 4,400 shares during the quarter. Andra AP fonden’s holdings in Intuit were worth $26,774,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INTU. Edgestream Partners L.P. raised its holdings in Intuit by 41.2% during the 4th quarter. Edgestream Partners L.P. now owns 2,298 shares of the software maker’s stock valued at $1,444,000 after buying an additional 671 shares during the last quarter. Evergreen Private Wealth LLC raised its holdings in Intuit by 0.7% during the 4th quarter. Evergreen Private Wealth LLC now owns 7,228 shares of the software maker’s stock valued at $4,543,000 after buying an additional 47 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Intuit by 25.2% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,216 shares of the software maker’s stock valued at $764,000 after purchasing an additional 245 shares during the period. Callan Family Office LLC purchased a new position in Intuit during the 4th quarter valued at $2,207,000. Finally, Chatham Capital Group Inc. purchased a new position in Intuit during the 4th quarter valued at $219,000. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Laura A. Fennell sold 7,700 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the transaction, the executive vice president now owns 33,916 shares in the company, valued at approximately $22,304,518.24. This represents a 18.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the transaction, the executive vice president now owns 489 shares in the company, valued at $325,664.22. This represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,811 shares of company stock worth $142,391,012. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $606.37 on Friday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company’s 50-day moving average is $602.86 and its 200 day moving average is $626.10. The company has a market capitalization of $169.52 billion, a price-to-earnings ratio of 58.87, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

A number of research analysts have issued reports on INTU shares. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group boosted their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Mizuho boosted their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $721.61.

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.