Guardian Partners Inc. Makes New Investment in Intuit Inc. (NASDAQ:INTU)

Guardian Partners Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,730 shares of the software maker's stock, valued at approximately $2,961,000.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in Intuit by 1.8% during the third quarter. State Street Corp now owns 12,317,086 shares of the software maker's stock worth $7,648,910,000 after acquiring an additional 221,885 shares during the period. Geode Capital Management LLC grew its stake in shares of Intuit by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,978,713 shares of the software maker's stock worth $3,701,762,000 after purchasing an additional 80,463 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Intuit by 2.9% during 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 in the last quarter. 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 boosted its holdings in Intuit by 4.0% during the third 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 worth $1,428,790,000 after buying an additional 87,517 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

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Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the firm'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 sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the company's 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 directly owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,896 shares of company stock valued at $82,946,716 in the last quarter. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Up 0.1 %

Shares of Intuit stock traded up $0.44 on Thursday, reaching $615.30. The company had a trading volume of 1,205,595 shares, compared to its average volume of 1,441,948. 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 firm has a market cap of $172.01 billion, a PE ratio of 59.74, a PEG ratio of 2.85 and a beta of 1.27. The firm's 50 day moving average price is $596.00 and its two-hundred day moving average price is $622.66. Intuit Inc. has a 52-week low of $553.24 and a 52-week high of $714.78.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, April 10th. Intuit's payout ratio is currently 38.81%.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. BNP Paribas lowered Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Mizuho increased their price target on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets decreased their target price on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $721.61.

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.