Tokio Marine Asset Management Co. Ltd. Acquires 341 Shares of Intuit Inc. (NASDAQ:INTU)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,563 shares of the software maker’s stock after buying an additional 341 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Intuit were worth $4,102,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC boosted its stake in Intuit by 5.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 642 shares of the software maker’s stock valued at $401,000 after buying an additional 31 shares during the period. Wynn Capital LLC bought a new stake in Intuit during the fourth quarter worth about $294,000. Harvest Fund Management Co. Ltd lifted its stake in Intuit by 14.5% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,987 shares of the software maker’s stock worth $3,107,000 after purchasing an additional 632 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Intuit by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 38,714 shares of the software maker’s stock worth $24,197,000 after purchasing an additional 600 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Intuit during the fourth quarter worth about $915,000. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler lifted their price target on Intuit from $642.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Wells Fargo & Company lifted their price objective on Intuit from $615.00 to $710.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Barclays lifted their price objective on Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Stifel Nicolaus lifted their price objective on Intuit from $600.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Mizuho lifted their price objective on Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $645.00.

Intuit Stock Up 0.7 %

Shares of INTU stock traded up $4.61 during midday trading on Wednesday, reaching $635.49. 1,376,556 shares of the stock were exchanged, compared to its average volume of 1,250,610. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The company’s 50 day moving average is $641.40 and its two-hundred day moving average is $601.86. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The firm has a market cap of $177.94 billion, a PE ratio of 64.85, a price-to-earnings-growth ratio of 3.71 and a beta of 1.21.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a $0.90 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s dividend payout ratio is currently 36.73%.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 745 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the transaction, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock valued at $3,117,156 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

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.