Douglass Winthrop Advisors LLC Has $8.91 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Douglass Winthrop Advisors LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,179 shares of the software maker's stock after acquiring an additional 451 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Intuit were worth $8,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTU. R Squared Ltd bought a new position in shares of Intuit in the fourth quarter worth about $25,000. NewSquare Capital LLC grew its holdings in Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after buying an additional 18 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit during the fourth quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Intuit during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 6,446 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sasan K. Goodarzi sold 75,000 shares of Intuit stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total value of $47,257,500.00. Following the completion of the sale, the chief executive officer now owns 35,776 shares of the company's stock, valued at approximately $22,542,457.60. The trade was a 67.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,733 shares of company stock valued at $77,947,205. 2.68% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTU. BNP Paribas lowered shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley raised Intuit from an "equal weight" rating to an "overweight" rating and set a $730.00 target price on the stock in a research report on Wednesday, February 26th. Citigroup reduced their target price on Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Intuit from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. One 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $721.61.

Intuit Price Performance

Shares of NASDAQ INTU traded up $5.63 during trading on Tuesday, reaching $618.72. The company had a trading volume of 1,126,525 shares, compared to its average volume of 1,439,323. Intuit Inc. has a 52 week low of $553.24 and a 52 week high of $714.78. The stock has a market cap of $172.97 billion, a PE ratio of 60.07, a PEG ratio of 2.85 and a beta of 1.27. 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 business's 50 day moving average price is $596.08 and its 200-day moving average price is $622.74.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 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.