DE Burlo Group Inc. Has $1.93 Million Position in Intuit Inc. (NASDAQ:INTU)

DE Burlo Group Inc. lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 78.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,070 shares of the software maker's stock after selling 11,080 shares during the period. DE Burlo Group Inc.'s holdings in Intuit were worth $1,929,000 at the end of the most recent quarter.

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

Intuit Trading Down 0.9 %

INTU stock traded down $5.89 during midday trading on Monday, reaching $618.23. The company's stock had a trading volume of 1,355,770 shares, compared to its average volume of 1,580,601. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The stock has a market cap of $172.83 billion, a PE ratio of 60.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The business's 50-day simple moving average is $594.20 and its 200-day simple moving average is $616.09.

Intuit Dividend Announcement

The firm 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. The ex-dividend date was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. Intuit's payout ratio is presently 38.81%.

Analysts Set New Price Targets

Several research firms have recently weighed in on INTU. BMO Capital Markets dropped their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a 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 for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Piper Sandler reaffirmed an "overweight" rating and set a $785.00 price objective (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Finally, HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price objective for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $717.53.

Insider Buying and Selling at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president now owns 21,882 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is currently owned by insiders.

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.