Oxford Asset Management LLP Buys 497 Shares of Intuit Inc. (NASDAQ:INTU)

Oxford Asset Management LLP grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 105.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 970 shares of the software maker's stock after buying an additional 497 shares during the quarter. Oxford Asset Management LLP's holdings in Intuit were worth $610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its stake in shares of Intuit by 6.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 8,053 shares of the software maker's stock worth $5,061,000 after buying an additional 469 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Intuit in the fourth quarter worth $3,028,000. Lord Abbett & CO. LLC grew its stake in shares of Intuit by 12.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,589 shares of the software maker's stock worth $999,000 after purchasing an additional 181 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Intuit by 18.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 45,013 shares of the software maker's stock worth $28,291,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of Intuit by 3.2% in the fourth quarter. Hancock Whitney Corp now owns 19,376 shares of the software maker's stock worth $12,178,000 after purchasing an additional 609 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Intuit stock traded down $5.89 during mid-day trading on Monday, reaching $618.23. 1,355,770 shares of the company's stock were exchanged, compared to its average volume of 1,580,601. The business's fifty day simple moving average is $594.20 and its 200 day simple moving average is $616.09. The firm has a market capitalization of $172.83 billion, a PE ratio of 60.02, a P/E/G ratio of 2.85 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. 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 Dividend Announcement

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

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction 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 sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction 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 in the company, valued at approximately $4,800. The trade was a 99.53 % 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 worth $14,347,731 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of Intuit in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $600.00 to $700.00 in a report on Thursday, April 17th. 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 report on Wednesday, January 15th. Oppenheimer dropped their price objective on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upgraded shares of Intuit from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $717.53.

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.