APG Asset Management N.V. Boosts Holdings in Intuit Inc. (NASDAQ:INTU)

APG Asset Management N.V. increased its position in Intuit Inc. (NASDAQ:INTU) by 474.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 287,399 shares of the software maker’s stock after buying an additional 237,371 shares during the quarter. APG Asset Management N.V.’s holdings in Intuit were worth $174,438,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Dunhill Financial LLC raised its stake in shares of Intuit by 110.3% in the 3rd quarter. Dunhill Financial LLC now owns 61 shares of the software maker’s stock valued at $38,000 after purchasing an additional 32 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Intuit during the 3rd quarter worth approximately $4,479,000. Nomura Asset Management Co. Ltd. grew its position in shares of Intuit by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 97,131 shares of the software maker’s stock worth $60,318,000 after acquiring an additional 6,353 shares in the last quarter. Groupama Asset Managment raised its position in shares of Intuit by 10.6% during the 3rd quarter. Groupama Asset Managment now owns 7,517 shares of the software maker’s stock valued at $47,000 after acquiring an additional 720 shares in the last quarter. Finally, SGL Investment Advisors Inc. acquired a new stake in shares of Intuit during the third quarter worth $643,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,300 shares of Intuit stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total value of $814,346.00. Following the completion of the transaction, the chief financial officer now directly owns 644 shares of the company’s stock, valued at $403,414.48. This represents a 66.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,074 shares of company stock valued at $15,829,661 in the last three months. 2.68% of the stock is currently owned by company insiders.

Intuit Price Performance

INTU stock opened at $556.24 on Tuesday. The firm has a 50-day moving average of $594.64 and a two-hundred day moving average of $620.01. The firm has a market capitalization of $155.50 billion, a PE ratio of 54.00, a P/E/G ratio of 2.85 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio is 38.81%.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTU. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Jefferies Financial Group cut their target price on Intuit from $800.00 to $735.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Mizuho upped their price target 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. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Scotiabank cut their price target on Intuit from $700.00 to $600.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $718.00.

About Intuit

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.