Intuit Inc. (NASDAQ:INTU) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,652 shares of the software maker's stock after buying an additional 675 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Intuit worth $151,175,000 as of its most recent SEC filing.

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

Intuit Price Performance

Shares of INTU traded up $13.89 during trading hours on Tuesday, reaching $582.73. 407,949 shares of the company's stock traded hands, compared to its average volume of 1,570,609. The stock has a market cap of $162.91 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78. The firm's 50 day simple moving average is $591.88 and its 200-day simple moving average is $616.35.

Intuit Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTU. Citigroup dropped their price target on Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. BMO Capital Markets decreased their price target on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Scotiabank raised shares of Intuit from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. Mizuho boosted their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $718.56.

Insider Transactions at Intuit

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction dated Monday, March 24th. The shares were 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 in the company, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,696 shares of company stock valued at $14,347,731. Company insiders own 2.68% of the company's stock.

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.