Farringdon Capital Ltd. Makes New Investment in Intuit Inc. (NASDAQ:INTU)

Farringdon Capital Ltd. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 780 shares of the software maker's stock, valued at approximately $490,000.

Other institutional investors have also modified their holdings of the company. Invst LLC acquired a new position in shares of Intuit during the third quarter valued at $203,000. Virtu Financial LLC acquired a new position in Intuit during the 3rd quarter valued at about $7,506,000. Anchor Investment Management LLC lifted its stake in shares of Intuit by 6.6% in the 3rd quarter. Anchor Investment Management LLC now owns 2,415 shares of the software maker's stock worth $1,500,000 after acquiring an additional 150 shares during the period. World Investment Advisors LLC bought a new stake in Intuit during the third quarter worth approximately $201,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Intuit by 7.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 25,869 shares of the software maker's stock valued at $16,065,000 after buying an additional 1,721 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price objective on shares of Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Scotiabank raised Intuit from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $600.00 to $700.00 in a research report on Thursday, April 17th. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target for the company in a report on Wednesday. Morgan Stanley decreased their price target on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price for the company. in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $717.53.

Intuit Stock Performance

NASDAQ:INTU traded up $13.41 on Wednesday, hitting $596.97. The company's stock had a trading volume of 594,655 shares, compared to its average volume of 1,572,954. 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 has a market capitalization of $166.89 billion, a P/E ratio of 57.96, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The stock has a fifty day moving average of $591.87 and a two-hundred day moving average of $616.12.

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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio is presently 38.81%.

Insider Buying and Selling at Intuit

In other news, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction on 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 sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 in the last ninety days. 2.68% of the stock is currently owned by corporate insiders.

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.