Coldstream Capital Management Inc. Increases Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Coldstream Capital Management Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,053 shares of the software maker's stock after purchasing an additional 469 shares during the period. Coldstream Capital Management Inc.'s holdings in Intuit were worth $5,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Intuit by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock worth $16,991,696,000 after buying an additional 353,185 shares during the period. Geode Capital Management LLC increased its holdings in Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock valued at $3,833,720,000 after purchasing an additional 132,384 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Intuit by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock worth $3,329,115,000 after buying an additional 620,559 shares during the period. Norges Bank purchased a new stake in shares of Intuit in the 4th quarter valued at $2,290,419,000. Finally, Bank of New York Mellon Corp lifted its stake in Intuit by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,386,228 shares of the software maker's stock worth $1,499,744,000 after acquiring an additional 88,487 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 1.5 %

INTU opened at $624.12 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $174.48 billion, a P/E ratio of 60.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The business's 50-day simple moving average is $593.48 and its 200-day simple moving average is $616.11.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit's dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $600.00 to $700.00 in a research note on Thursday, April 17th. StockNews.com lowered Intuit from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upgraded Intuit from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. Redburn Atlantic started coverage on Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $717.53.

Insider Activity

In related news, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the sale, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. This represents a 27.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now directly owns 8 shares in the company, valued at $4,800. The trade was a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.