APG Asset Management US Inc. Purchases 1,313 Shares of Intuit Inc. (NASDAQ:INTU)

APG Asset Management US Inc. lifted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,828 shares of the software maker's stock after acquiring an additional 1,313 shares during the period. APG Asset Management US Inc.'s holdings in Intuit were worth $6,177,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTU. Nomura Asset Management Co. Ltd. grew its holdings in Intuit by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 97,131 shares of the software maker's stock valued at $60,318,000 after purchasing an additional 6,353 shares during the period. Groupama Asset Managment lifted its position in Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker's stock valued at $47,000 after purchasing an additional 720 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Intuit by 28.6% in the 3rd quarter. Continuum Advisory LLC now owns 171 shares of the software maker's stock worth $106,000 after buying an additional 38 shares in the last quarter. Conway Capital Management Inc. bought a new stake in Intuit during the third quarter worth approximately $2,279,000. Finally, Disciplined Growth Investors Inc. MN raised its position in Intuit by 1.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 197,805 shares of the software maker's stock valued at $122,837,000 after purchasing an additional 2,640 shares during the period. Institutional investors own 83.66% of the company's stock.

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Intuit Price Performance

NASDAQ:INTU traded up $0.65 on Monday, reaching $587.69. The stock had a trading volume of 315,936 shares, compared to its average volume of 1,563,516. 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 company has a market capitalization of $164.30 billion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78. The stock has a fifty day moving average price of $591.70 and a 200-day moving average price of $617.42.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders 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 0.71%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's dividend payout ratio is 38.81%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BNP Paribas downgraded Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Redburn Atlantic began coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Citigroup dropped their price objective on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $713.56.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares of the company's stock, valued at $13,401,849.72. The trade was 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 stock in a transaction that occurred 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 sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,696 shares of company stock worth $14,347,731. Corporate insiders own 2.68% of the company's stock.

Intuit Company 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.