455 Shares in Intuit Inc. (NASDAQ:INTU) Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 455 shares of the software maker's stock, valued at approximately $286,000.

Several other institutional investors also recently bought and sold shares of INTU. Brown Financial Advisors raised 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 valued at $1,018,000 after purchasing an additional 15 shares during the last quarter. True North Advisors LLC increased its holdings in Intuit by 4.3% in the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after acquiring an additional 17 shares in the last quarter. Great Diamond Partners LLC raised 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 valued at $394,000 after acquiring an additional 17 shares during the period. RB Capital Management LLC boosted its stake in Intuit by 0.6% in the 3rd quarter. RB Capital Management LLC now owns 3,169 shares of the software maker's stock worth $1,968,000 after purchasing an additional 18 shares during the period. Finally, Pacifica Partners Inc. grew its stake in Intuit by 27.7% during the fourth quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock valued at $52,000 after acquiring an additional 18 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Trading Up 1.7 %

INTU traded up $9.57 on Friday, reaching $587.04. 1,479,882 shares of the company traded hands, compared to its average volume of 1,567,880. The company has a market cap of $164.11 billion, a P/E ratio of 56.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The firm has a fifty day simple moving average of $591.70 and a two-hundred day simple moving average of $617.55.

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Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be issued a $1.04 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.71%. Intuit's payout ratio is 38.81%.

Insider Buying and Selling

In other news, Director Eve B. Burton sold 1,702 shares of the company's 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 completion of the sale, the director now owns 8 shares of the company's stock, valued at approximately $4,800. This represents a 99.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott D. Cook sold 6,446 shares of Intuit 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 over the last quarter. 2.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTU shares. Jefferies Financial Group decreased their target price on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Redburn Atlantic began coverage on Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. Citigroup reduced their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded 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. Finally, Oppenheimer reduced their target price on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $713.56.

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.