Ensign Peak Advisors Inc Purchases 16,073 Shares of Intuit Inc. (NASDAQ:INTU)

Ensign Peak Advisors Inc raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,482 shares of the software maker’s stock after acquiring an additional 16,073 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Intuit worth $108,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Intuit in the 4th quarter worth $25,000. NewSquare Capital LLC boosted its position in shares of Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after acquiring an additional 18 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit in the 4th quarter valued at approximately $28,000. Finally, Summit Securities Group LLC purchased a new position in Intuit during the fourth quarter worth $28,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock opened at $655.94 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The company has a 50-day simple moving average of $601.25 and a two-hundred day simple moving average of $617.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $183.37 billion, a PE ratio of 63.68, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit’s dividend payout ratio is presently 38.81%.

Insiders Place Their Bets

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the transaction, the executive vice president now directly owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. This trade represents a 27.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eve B. Burton sold 1,702 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company’s stock, valued at $4,800. This represents a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,696 shares of company stock valued at $14,347,731. Insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several recent analyst reports. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. Scotiabank upgraded Intuit from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. HSBC raised shares of Intuit from a “hold” rating to a “buy” rating and set a $699.00 target price for the company in a research note on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Intuit from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Mizuho upped their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $717.53.

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.