9,519 Shares in Intuit Inc. (NASDAQ:INTU) Bought by Everest Management Corp.

Everest Management Corp. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,519 shares of the software maker's stock, valued at approximately $5,983,000. Intuit makes up 5.3% of Everest Management Corp.'s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Financial Advisors boosted its holdings in Intuit by 0.9% in the 3rd quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after purchasing an additional 15 shares during the last quarter. True North Advisors LLC raised its position in shares of Intuit by 4.3% during the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after buying an additional 17 shares during the period. Great Diamond Partners LLC lifted its holdings in Intuit by 2.8% in the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after acquiring an additional 17 shares during the last quarter. RB Capital Management LLC grew its position in Intuit by 0.6% in the third quarter. RB Capital Management LLC now owns 3,169 shares of the software maker's stock worth $1,968,000 after acquiring an additional 18 shares during the period. Finally, Pacifica Partners Inc. increased its stake in Intuit by 27.7% during the fourth quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on INTU shares. Citigroup decreased 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. Mizuho upped their target price 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. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. Piper Sandler reissued an "overweight" rating and issued a $785.00 price target (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. Finally, Oppenheimer lowered their price objective on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a research report on Friday. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $713.56.

Insider Buying and Selling

In other news, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction dated 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 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 SEC, which can be accessed through this link. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 over the last 90 days. 2.68% of the stock is owned by insiders.

Intuit Stock Up 1.2 %

NASDAQ INTU traded up $6.89 during trading hours on Friday, hitting $584.36. 619,117 shares of the company were exchanged, compared to its average volume of 1,564,738. 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 firm has a market cap of $163.36 billion, a price-to-earnings ratio of 56.43, a PEG ratio of 2.85 and a beta of 1.25. The company has a 50 day moving average of $591.80 and a two-hundred day moving average of $617.88. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78.

Intuit Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.71%. Intuit's dividend payout ratio (DPR) is 38.81%.

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.