TD Waterhouse Canada Inc. Has $7.77 Million Position in Intuit Inc. (NASDAQ:INTU)

TD Waterhouse Canada Inc. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,367 shares of the software maker's stock after selling 932 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Intuit were worth $7,773,000 as of its most recent SEC filing.

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

Intuit Stock Up 1.5 %

Shares of Intuit stock traded up $9.29 during midday trading on Friday, reaching $624.12. 1,540,630 shares of the company's stock traded hands, compared to its average volume of 1,579,940. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The company's 50 day simple moving average is $593.48 and its 200 day simple moving average is $616.14. The company has a market cap of $174.48 billion, a price-to-earnings ratio of 60.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.

Intuit Dividend Announcement

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

Insider Transactions at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company's stock, valued at approximately $4,800. The trade was a 99.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at approximately $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 quarter, insiders sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INTU shares. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $600.00 to $700.00 in a report on Thursday, April 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $785.00 price target (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Oppenheimer reduced their price objective on Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Redburn Atlantic started coverage on Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. Finally, Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $717.53.

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.