Intuit Inc. (NASDAQ:INTU) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 282,880 shares of the software maker’s stock after purchasing an additional 31,008 shares during the period. Intuit makes up approximately 0.8% of Skandinaviska Enskilda Banken AB publ’s portfolio, making the stock its 22nd biggest holding. Skandinaviska Enskilda Banken AB publ owned 0.10% of Intuit worth $178,345,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. lifted its stake in shares of Intuit by 6.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 24,302 shares of the software maker’s stock valued at $15,274,000 after purchasing an additional 1,498 shares during the period. Liberty Wealth Management LLC raised its position in shares of Intuit by 1.1% in the fourth quarter. Liberty Wealth Management LLC now owns 2,018 shares of the software maker’s stock worth $1,269,000 after acquiring an additional 22 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Intuit by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,650 shares of the software maker’s stock worth $3,551,000 after acquiring an additional 278 shares in the last quarter. YCG LLC grew its stake in Intuit by 0.5% in the 4th quarter. YCG LLC now owns 62,029 shares of the software maker’s stock valued at $38,985,000 after acquiring an additional 325 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Intuit by 9.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the software maker’s stock worth $378,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In other news, insider Scott D. Cook sold 6,446 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at $1,221,804. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 189,301 shares of company stock valued at $121,470,200. Insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of INTU opened at $591.14 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $599.68 and its 200-day simple moving average is $624.06. The firm has a market capitalization of $165.26 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.85 and a beta of 1.27. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.70%. Intuit’s dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on INTU. Mizuho raised their price target 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. Scotiabank reduced their price objective on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Piper Sandler reaffirmed an “overweight” rating and set a $785.00 price objective (up previously from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. Jefferies Financial Group boosted their target price on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, StockNews.com cut Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $721.61.

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.