Trivest Advisors Ltd Grows Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Trivest Advisors Ltd grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1,000.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,000 shares of the software maker's stock after purchasing an additional 40,000 shares during the period. Intuit makes up about 1.3% of Trivest Advisors Ltd's holdings, making the stock its 27th largest holding. Trivest Advisors Ltd's holdings in Intuit were worth $27,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in INTU. Brown Financial Advisors lifted its stake in 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 purchasing an additional 15 shares in the last quarter. Truvestments Capital LLC lifted its stake 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 purchasing an additional 16 shares in the last quarter. True North Advisors LLC lifted its stake 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 purchasing an additional 17 shares in the last quarter. Great Diamond Partners LLC lifted its stake 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 purchasing an additional 17 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in Intuit by 1.8% during the third quarter. Prospera Financial Services Inc now owns 1,008 shares of the software maker's stock worth $626,000 after purchasing an additional 18 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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Intuit Stock Performance

Shares of INTU stock traded up $3.62 during mid-day trading on Friday, hitting $604.04. 2,387,403 shares of the stock were exchanged, compared to its average volume of 1,438,740. The stock's fifty day simple moving average is $596.08 and its two-hundred day simple moving average is $622.80. The stock has a market capitalization of $168.87 billion, a price-to-earnings ratio of 58.64, a P/E/G ratio of 2.85 and a beta of 1.27. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's payout ratio is 38.81%.

Insiders Place Their Bets

In related news, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the transaction, the director now owns 8 shares of the company's stock, valued at $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,348 shares of company stock valued at $73,515,245. 2.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. Scotiabank decreased their price target on Intuit from $700.00 to $600.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded 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 note on Wednesday, March 5th. StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Mizuho increased their price objective on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average price target of $721.61.

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.