Aware Super Pty Ltd as trustee of Aware Super Takes $19.87 Million Position in Intuit Inc. (NASDAQ:INTU)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,620 shares of the software maker's stock, valued at approximately $19,873,000.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Intuit in the fourth quarter worth $25,000. NewSquare Capital LLC increased its position in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Intuit during the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit in the fourth quarter worth about $28,000. Finally, Summit Securities Group LLC bought a new stake in Intuit in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Shares of Intuit stock traded down $2.70 on Friday, hitting $585.38. The company had a trading volume of 1,639,806 shares, compared to its average volume of 1,575,512. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $163.65 billion, a PE ratio of 56.83, a PEG ratio of 2.85 and a beta of 1.25. The business has a 50-day simple moving average of $592.03 and a 200-day simple moving average of $616.49.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Analysts Set New Price Targets

Several research analysts have recently commented on INTU shares. Mizuho lifted their target price on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Redburn Atlantic assumed coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. Citigroup reduced their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Oppenheimer decreased their target price on Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $718.56.

Insider Transactions at Intuit

In other news, EVP Marianna Tessel sold 7,385 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the sale, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. This represents a 15.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. Corporate 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.