Keybank National Association OH Has $52.05 Million Stake in Intuit Inc. (NASDAQ:INTU)

Keybank National Association OH lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 82,819 shares of the software maker's stock after selling 970 shares during the period. Keybank National Association OH's holdings in Intuit were worth $52,052,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INTU. Brown Financial Advisors lifted its holdings in shares of Intuit by 0.9% during the third quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock worth $1,018,000 after buying an additional 15 shares during the last quarter. Truvestments Capital LLC increased its position in Intuit by 1.5% during the third quarter. Truvestments Capital LLC now owns 1,078 shares of the software maker's stock worth $669,000 after acquiring an additional 16 shares during the period. True North Advisors LLC increased its position in Intuit by 4.3% during the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after acquiring an additional 17 shares during the period. Great Diamond Partners LLC raised its stake in Intuit by 2.8% during the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after purchasing an additional 17 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its holdings in Intuit by 4.8% in the 3rd quarter. Kovack Advisors Inc. now owns 393 shares of the software maker's stock valued at $244,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 3.3 %

Intuit stock traded up $19.44 during mid-day trading on Wednesday, hitting $617.51. The stock had a trading volume of 1,603,068 shares, compared to its average volume of 1,896,402. The stock has a market capitalization of $172.63 billion, a PE ratio of 59.95, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $604.21 and a two-hundred day simple moving average of $626.30.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is 38.81%.

Analysts Set New Price Targets

INTU has been the topic of several research reports. Mizuho boosted their price objective on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a report on Monday. StockNews.com lowered Intuit from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada reiterated an "outperform" rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Scotiabank decreased their price objective on Intuit from $700.00 to $600.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Finally, Stifel Nicolaus cut their target price on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $721.61.

Insider Buying and Selling

In related news, CEO Sasan K. Goodarzi sold 75,000 shares of Intuit stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the completion of the sale, the chief executive officer now directly owns 35,776 shares of the company's stock, valued at $22,542,457.60. The trade was a 67.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 73,655 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the completion of the transaction, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 224,460 shares of company stock valued at $144,750,747 over the last ninety days. Insiders own 2.68% of the company's stock.

Intuit 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.