World Investment Advisors Has $625,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

World Investment Advisors raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 206.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 994 shares of the software maker's stock after acquiring an additional 670 shares during the period. World Investment Advisors' holdings in Intuit were worth $625,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of INTU. Dunhill Financial LLC raised its holdings in Intuit by 110.3% during the third quarter. Dunhill Financial LLC now owns 61 shares of the software maker's stock worth $38,000 after acquiring an additional 32 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Intuit during the 3rd quarter worth approximately $4,479,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Intuit by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 97,131 shares of the software maker's stock valued at $60,318,000 after buying an additional 6,353 shares in the last quarter. Groupama Asset Managment increased its holdings in Intuit by 10.6% during the third quarter. Groupama Asset Managment now owns 7,517 shares of the software maker's stock worth $47,000 after buying an additional 720 shares during the last quarter. Finally, SGL Investment Advisors Inc. bought a new stake in Intuit during the third quarter worth $643,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU traded up $9.57 during trading hours on Friday, hitting $587.04. 1,479,882 shares of the stock were exchanged, compared to its average volume of 1,567,880. The company's fifty day simple moving average is $591.70 and its two-hundred day simple moving average is $617.55. The company has a market cap of $164.11 billion, a PE ratio of 56.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. 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 Inc. has a 1-year low of $532.65 and a 1-year high of $714.78.

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Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.04 per share. 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 dividend payout ratio (DPR) is currently 38.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Intuit from $700.00 to $600.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Mizuho upped 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. Redburn Atlantic began coverage on Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. Oppenheimer decreased their target price on Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and raised their price target for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $713.56.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the firm'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 sale, the director now owns 8 shares in the company, valued at $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $3,895,059.96. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 in the last ninety days. 2.68% of the stock is owned by insiders.

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.