Intuit Inc. (NASDAQ:INTU) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,072,021 shares of the software maker’s stock after buying an additional 771,232 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.10% of Intuit worth $1,930,765,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of INTU. R Squared Ltd purchased a new stake in shares of Intuit during the fourth quarter valued at $25,000. NewSquare Capital LLC raised its holdings in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after buying an additional 18 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Intuit during the 4th quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Intuit in the fourth quarter valued at $28,000. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 0.1%

Intuit stock opened at $670.86 on Tuesday. The business has a 50 day moving average price of $610.04 and a two-hundred day moving average price of $619.55. 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 Inc. has a 12 month low of $532.65 and a 12 month high of $714.78. The stock has a market cap of $187.55 billion, a price-to-earnings ratio of 65.13, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

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 dividend yield of 0.62%. Intuit’s payout ratio is 38.81%.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company’s stock, valued at approximately $4,800. The trade was a 99.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 owns 40,190 shares in the company, valued at approximately $24,119,224.70. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock valued at $14,347,731 over the last ninety days. 2.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Scotiabank upgraded shares of Intuit from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $600.00 to $700.00 in a report on Thursday, April 17th. Jefferies Financial Group lowered their price objective on shares of Intuit from $800.00 to $735.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Mizuho increased their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $720.16.

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.