Triglav Skladi D.O.O. Makes New Investment in Intuit Inc. (NASDAQ:INTU)

Triglav Skladi D.O.O. acquired a new position in Intuit Inc. (NASDAQ:INTU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,325 shares of the software maker’s stock, valued at approximately $833,000.

Several other large investors have also recently bought and sold shares of the business. Two Sigma Advisers LP increased its position in shares of Intuit by 21.3% in the fourth quarter. Two Sigma Advisers LP now owns 220,600 shares of the software maker’s stock valued at $138,647,000 after buying an additional 38,800 shares in the last quarter. Texas Bank & Trust Co purchased a new position in shares of Intuit in the fourth quarter valued at $524,000. Tidal Investments LLC increased its position in shares of Intuit by 17.0% in the fourth quarter. Tidal Investments LLC now owns 16,789 shares of the software maker’s stock valued at $10,552,000 after buying an additional 2,434 shares in the last quarter. TrinityPoint Wealth LLC increased its position in shares of Intuit by 2.9% in the fourth quarter. TrinityPoint Wealth LLC now owns 1,281 shares of the software maker’s stock valued at $805,000 after buying an additional 36 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. increased its position in shares of Intuit by 26.4% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 13,491 shares of the software maker’s stock valued at $7,877,000 after buying an additional 2,815 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research analyst reports. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley dropped their price target on Intuit from $730.00 to $720.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group dropped 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. Oppenheimer decreased their price objective on Intuit from $722.00 to $642.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $720.16.

Intuit Stock Up 1.4%

Shares of NASDAQ:INTU opened at $670.28 on Monday. The stock’s 50-day moving average price is $608.44 and its two-hundred day moving average price is $619.21. 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 $187.38 billion, a price-to-earnings ratio of 65.08, a PEG ratio of 2.85 and a beta of 1.24.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit’s payout ratio is 38.81%.

Insiders Place Their Bets

In related news, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This trade represents a 27.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eve B. Burton sold 1,702 shares of the firm’s stock in a transaction dated 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 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. In the last ninety days, insiders have sold 23,696 shares of company stock valued at $14,347,731. Insiders own 2.68% of the company’s stock.

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.