Mission Creek Capital Partners Inc. Has $4.04 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Mission Creek Capital Partners Inc. grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,433 shares of the software maker’s stock after acquiring an additional 49 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Intuit were worth $4,043,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Intuit by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker’s stock valued at $16,991,696,000 after purchasing an additional 353,185 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker’s stock valued at $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP increased its holdings in Intuit by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker’s stock worth $3,329,115,000 after buying an additional 620,559 shares during the last quarter. Norges Bank bought a new position in Intuit during the fourth quarter valued at approximately $2,290,419,000. Finally, Bank of New York Mellon Corp lifted its stake in Intuit by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,386,228 shares of the software maker’s stock valued at $1,499,744,000 after acquiring an additional 88,487 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Up 1.5 %

NASDAQ INTU opened at $624.12 on Friday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $714.78. The stock has a market cap of $174.48 billion, a PE ratio of 60.59, a PEG ratio of 2.85 and a beta of 1.25. The firm has a 50-day simple moving average of $593.48 and a 200 day simple moving average of $616.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Thursday, April 10th. Intuit’s payout ratio is presently 38.81%.

Analyst Ratings Changes

Several research analysts have recently commented on INTU shares. BMO Capital Markets dropped their price target on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded Intuit from a “neutral” rating to an “overweight” rating and raised their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Hsbc Global Res upgraded Intuit from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Scotiabank raised Intuit from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $600.00 to $700.00 in a report on Thursday, April 17th. Finally, Citigroup reduced their target price on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $717.53.

Insider Activity

In related news, insider Scott D. Cook sold 6,446 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, the insider now owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the transaction, the executive vice president now owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,696 shares of company stock worth $14,347,731. Company insiders own 2.68% of the company’s stock.

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.