Intuit Inc. (NASDAQ:INTU) Shares Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,095 shares of the software maker’s stock after buying an additional 1,582 shares during the quarter. Intuit makes up approximately 1.3% of AdvisorShares Investments LLC’s portfolio, making the stock its 25th largest position. AdvisorShares Investments LLC’s holdings in Intuit were worth $6,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd bought a new stake in Intuit in the fourth quarter worth $25,000. NewSquare Capital LLC lifted its position 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 acquiring an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new stake in Intuit during the fourth quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction 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 of the company’s stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 8 shares of the company’s stock, valued at approximately $4,800. This represents a 99.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU opened at $618.23 on Tuesday. The business’s 50 day moving average price is $594.20 and its two-hundred day moving average price is $616.09. The firm has a market cap of $172.83 billion, a PE ratio of 60.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. 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 Inc. has a 52-week low of $532.65 and a 52-week high of $714.78.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of Intuit from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a research report on Wednesday, January 15th. BMO Capital Markets lowered their price objective on 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 upped their price target for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Finally, Morgan Stanley cut their target price on shares of Intuit from $730.00 to $720.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus 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.