Boston Trust Walden Corp decreased its stake in shares of Intuit Inc. (NASDAQ:INTU – Get Rating) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,402 shares of the software maker’s stock after selling 3,541 shares during the period. Boston Trust Walden Corp’s holdings in Intuit were worth $3,659,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in INTU. Altshuler Shaham Ltd acquired a new stake in shares of Intuit in the 3rd quarter valued at about $25,000. SRS Capital Advisors Inc. raised its position in Intuit by 81.0% in the 2nd quarter. SRS Capital Advisors Inc. now owns 76 shares of the software maker’s stock valued at $29,000 after buying an additional 34 shares during the last quarter. First Financial Corp IN lifted its stake in Intuit by 75.5% in the 4th quarter. First Financial Corp IN now owns 86 shares of the software maker’s stock valued at $33,000 after acquiring an additional 37 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new position in Intuit during the 4th quarter worth approximately $42,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Intuit during the 3rd quarter worth approximately $49,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.
Intuit Stock Performance
Shares of INTU stock opened at $433.29 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.23. Intuit Inc. has a one year low of $339.36 and a one year high of $507.71. The business’s 50 day simple moving average is $413.60 and its 200 day simple moving average is $403.65. The stock has a market capitalization of $121.56 billion, a PE ratio of 63.53, a PEG ratio of 3.21 and a beta of 1.16.
Intuit Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 10th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $3.12 dividend on an annualized basis and a yield of 0.72%. Intuit’s dividend payout ratio (DPR) is currently 45.75%.
Insider Buying and Selling
In other news, Director Eve B. Burton sold 4,539 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $412.57, for a total transaction of $1,872,655.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eve B. Burton sold 4,539 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $412.57, for a total transaction of $1,872,655.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Alexander Chriss sold 597 shares of Intuit stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $400.00, for a total value of $238,800.00. Following the completion of the sale, the executive vice president now directly owns 344 shares of the company’s stock, valued at approximately $137,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,925 shares of company stock worth $3,258,123. 3.18% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on INTU. Piper Sandler lifted their target price on Intuit from $459.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, February 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Intuit from $560.00 to $525.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. KeyCorp upped their price objective on shares of Intuit from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer dropped their target price on shares of Intuit from $516.00 to $476.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Finally, Jefferies Financial Group reduced their price target on shares of Intuit from $575.00 to $525.00 in a research report on Wednesday, November 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $484.84.
Intuit Profile
Intuit, Inc engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses.
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