BOK Financial Private Wealth Inc. Lowers Holdings in Intuit Inc. (NASDAQ:INTU)

BOK Financial Private Wealth Inc. lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,964 shares of the software maker's stock after selling 416 shares during the quarter. BOK Financial Private Wealth Inc.'s holdings in Intuit were worth $4,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its stake in shares of Intuit by 1.8% in the 3rd quarter. State Street Corp now owns 12,317,086 shares of the software maker's stock valued at $7,648,910,000 after purchasing an additional 221,885 shares during the period. Geode Capital Management LLC lifted its stake in shares of Intuit by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,978,713 shares of the software maker's stock valued at $3,701,762,000 after purchasing an additional 80,463 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Intuit by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 3,827,671 shares of the software maker's stock valued at $2,376,984,000 after purchasing an additional 107,482 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Intuit by 3.9% in the 4th 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 purchasing an additional 88,487 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Intuit by 4.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,300,789 shares of the software maker's stock valued at $1,428,790,000 after purchasing an additional 87,517 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on INTU. Redburn Atlantic began coverage on Intuit in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. Scotiabank reduced their price objective on Intuit from $700.00 to $600.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Morgan Stanley raised Intuit from an "equal weight" rating to an "overweight" rating and set a $730.00 price objective for the company in a research report on Wednesday, February 26th. Jefferies Financial Group raised their price objective on Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus reduced their price objective on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $721.61.

Intuit Stock Performance

Shares of INTU traded down $29.83 during trading hours on Monday, hitting $579.78. The stock had a trading volume of 2,374,273 shares, compared to its average volume of 1,910,852. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The firm has a market capitalization of $162.08 billion, a PE ratio of 56.29, a PEG ratio of 2.85 and a beta of 1.27. The stock has a fifty day moving average price of $601.27 and a 200 day moving average price of $624.52.

Intuit Announces Dividend

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 issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's payout ratio is currently 38.81%.

Insider Buying and Selling

In related news, EVP Laura A. Fennell sold 7,700 shares of Intuit stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the transaction, the executive vice president now directly owns 33,916 shares in the company, valued at approximately $22,304,518.24. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now owns 1,944 shares in the company, valued at $1,221,804. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 220,811 shares of company stock valued at $142,391,012 over the last 90 days. Company insiders own 2.68% of the company's stock.

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.