Janus Henderson Group PLC Acquires 451,039 Shares of Intuit Inc. (NASDAQ:INTU)

Janus Henderson Group PLC raised its holdings in Intuit Inc. (NASDAQ:INTU) by 72.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,073,103 shares of the software maker’s stock after purchasing an additional 451,039 shares during the quarter. Janus Henderson Group PLC’s holdings in Intuit were worth $674,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in INTU. Whalen Wealth Management Inc. purchased a new stake in Intuit during the fourth quarter worth about $621,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Intuit by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker’s stock worth $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in shares of Intuit by 3.8% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker’s stock worth $27,223,000 after purchasing an additional 1,602 shares during the period. Hantz Financial Services Inc. lifted its stake in Intuit by 10.2% in the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker’s stock valued at $13,906,000 after purchasing an additional 2,055 shares during the last quarter. Finally, Factory Mutual Insurance Co. bought a new position in Intuit during the fourth quarter valued at $33,248,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

INTU stock opened at $653.88 on Friday. The firm has a 50 day simple moving average of $602.37 and a two-hundred day simple moving average of $617.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $182.80 billion, a PE ratio of 63.48, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were paid a $1.04 dividend. The ex-dividend date was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.64%. Intuit’s dividend payout ratio is presently 38.81%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTU. Scotiabank upgraded Intuit from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $600.00 to $700.00 in a research note on Thursday, April 17th. Citigroup lowered their price objective on Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Redburn Atlantic initiated coverage on shares of Intuit in a report on Wednesday, February 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Finally, StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $717.53.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 6,446 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now directly owns 6,219,900 shares of the company’s stock, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marianna Tessel sold 7,385 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $600.13, for a total value of $4,431,960.05. Following the completion of the sale, the executive vice president now directly owns 40,190 shares of the company’s stock, valued at approximately $24,119,224.70. This represents a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock worth $14,347,731 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

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.