Intuit Inc. (NASDAQ:INTU) Shares Sold by Winslow Capital Management LLC

Winslow Capital Management LLC lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 38.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 437,733 shares of the software maker's stock after selling 268,182 shares during the period. Winslow Capital Management LLC owned 0.16% of Intuit worth $275,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Intuit in the 4th quarter valued at about $25,000. NewSquare Capital LLC increased its position in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit during the 4th quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new position in shares of Intuit during the fourth quarter valued at about $28,000. Institutional investors own 83.66% of the company's stock.

Insider Activity

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. The trade was a 27.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is currently owned by corporate insiders.

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Intuit Stock Up 0.1 %

INTU traded up $0.65 during trading hours on Monday, hitting $587.69. 315,936 shares of the company's stock were exchanged, compared to its average volume of 1,563,516. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $714.78. The firm has a market cap of $164.30 billion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The firm has a 50 day moving average of $591.70 and a 200 day moving average of $617.42.

Intuit Announces Dividend

The company also recently declared 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 yield of 0.71%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas lowered shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. StockNews.com downgraded Intuit from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Mizuho raised their price target on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. BMO Capital Markets cut their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price target on Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.