3,571 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,571 shares of the software maker’s stock, valued at approximately $2,244,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd grew its holdings in Intuit by 27.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 16,474 shares of the software maker’s stock valued at $10,354,000 after buying an additional 3,597 shares during the period. North Forty Two & Co. purchased a new stake in Intuit in the 4th quarter valued at about $219,000. VSM Wealth Advisory LLC purchased a new stake in Intuit in the 4th quarter valued at about $35,000. Brooklyn FI LLC grew its holdings in Intuit by 5,137.9% in the 4th quarter. Brooklyn FI LLC now owns 49,027 shares of the software maker’s stock valued at $31,273,000 after buying an additional 48,091 shares during the period. Finally, Trillium Asset Management LLC grew its holdings in Intuit by 1,085.0% in the 4th quarter. Trillium Asset Management LLC now owns 17,183 shares of the software maker’s stock valued at $10,800,000 after buying an additional 15,733 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. This represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the transaction, the chief executive officer now directly owns 37,869 shares in the company, valued at approximately $23,701,828.41. The trade was a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,646 shares of company stock valued at $72,494,045 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $599.03 on Wednesday. The business’s 50 day moving average is $597.44 and its two-hundred day moving average is $623.29. Intuit Inc. has a 52-week low of $553.24 and a 52-week high of $714.78. The firm has a market cap of $167.47 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.85 and a beta of 1.27. The company has a quick ratio of 1.24, a current 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. Shareholders of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, April 10th. Intuit’s payout ratio is 38.81%.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $785.00 price target (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Barclays decreased their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded Intuit from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Finally, Stifel Nicolaus decreased their target price on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $721.61.

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.