XTX Topco Ltd Purchases Shares of 2,230 Intuit Inc. (NASDAQ:INTU)

XTX Topco Ltd bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,230 shares of the software maker's stock, valued at approximately $1,402,000.

Several other institutional investors also recently bought and sold shares of INTU. True North Advisors LLC increased its position 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 during the last quarter. Great Diamond Partners LLC grew its stake in shares of Intuit by 2.8% during the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after buying an additional 17 shares during the period. Pacifica Partners Inc. increased its holdings in shares of Intuit by 27.7% during the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after buying an additional 18 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Intuit by 2.4% in the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock worth $478,000 after buying an additional 18 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Down 0.5 %

NASDAQ INTU traded down $2.70 during trading hours on Friday, reaching $585.38. 1,639,806 shares of the company traded hands, compared to its average volume of 1,575,377. The stock has a market capitalization of $163.65 billion, a PE ratio of 56.83, a PEG ratio of 2.85 and a beta of 1.25. 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 company has a 50 day moving average of $592.03 and a two-hundred day moving average of $616.64.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.71%. Intuit's payout ratio is 38.81%.

Insider Buying and Selling

In related news, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the transaction, the executive vice president now directly owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction 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 sale, the insider now owns 6,219,900 shares of the company's stock, 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. Over the last three months, insiders sold 23,696 shares of company stock worth $14,347,731. Corporate insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group lowered their price target on Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Redburn Atlantic started coverage on Intuit in a report on Wednesday, February 19th. They set a "neutral" rating for the company. BMO Capital Markets cut their price target on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Mizuho raised their target price on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $718.56.

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.