MetLife Investment Management LLC Acquires 1,089 Shares of Intuit Inc. (NASDAQ:INTU)

MetLife Investment Management LLC increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,104 shares of the software maker's stock after acquiring an additional 1,089 shares during the period. MetLife Investment Management LLC's holdings in Intuit were worth $54,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INTU. True North Advisors LLC boosted 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 purchasing an additional 17 shares in the last quarter. Great Diamond Partners LLC boosted its holdings in Intuit by 2.8% during the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock worth $394,000 after buying an additional 17 shares in the last quarter. Pacifica Partners Inc. boosted its holdings 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 buying an additional 18 shares in the last quarter. Drive Wealth Management LLC grew its position in Intuit by 2.4% in the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock worth $478,000 after buying an additional 18 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler restated an "overweight" rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Oppenheimer dropped their target price on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Citigroup reduced their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Redburn Atlantic began coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $717.53.

Insider Transactions at Intuit

In related news, 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 completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eve B. Burton sold 1,702 shares of the stock in a transaction that occurred 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 transaction, the director now owns 8 shares in the company, valued at approximately $4,800. This trade represents a 99.53 % decrease in their position. 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.

Intuit Stock Up 2.1 %

Shares of Intuit stock traded up $12.49 during midday trading on Wednesday, reaching $596.05. 1,744,704 shares of the company's stock traded hands, compared to its average volume of 1,577,397. 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 $591.87 and its 200 day simple moving average is $616.12. The company has a market cap of $166.63 billion, a price-to-earnings ratio of 57.87, 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 0.70%. Intuit's dividend payout ratio is currently 38.81%.

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.