Intuit Inc. (NASDAQ:INTU) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in Intuit Inc. (NASDAQ:INTU) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,134 shares of the software maker’s stock after buying an additional 58 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Intuit were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Peloton Wealth Strategists grew its stake in shares of Intuit by 20.2% in the fourth quarter. Peloton Wealth Strategists now owns 4,399 shares of the software maker’s stock valued at $2,765,000 after buying an additional 738 shares in the last quarter. Motiv8 Investments LLC grew its stake in shares of Intuit by 48.2% in the fourth quarter. Motiv8 Investments LLC now owns 1,778 shares of the software maker’s stock valued at $1,118,000 after buying an additional 578 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Intuit by 112,233.1% in the fourth quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker’s stock valued at $668,595,000 after buying an additional 1,062,847 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Intuit by 0.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 10,903 shares of the software maker’s stock valued at $6,853,000 after buying an additional 68 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Intuit by 2.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 53,420 shares of the software maker’s stock valued at $33,574,000 after buying an additional 1,098 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Up 2.2 %

Intuit stock opened at $613.84 on Friday. Intuit Inc. has a fifty-two week low of $553.24 and a fifty-two week 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. The company has a market capitalization of $171.82 billion, a P/E ratio of 59.60, a PEG ratio of 2.85 and a beta of 1.24. The stock has a 50-day simple moving average of $605.90 and a 200-day simple moving average of $627.25.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, April 10th. Intuit’s payout ratio is currently 38.81%.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTU. BMO Capital Markets lowered their target price on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Scotiabank lowered their target price on Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $717.88.

Insider Activity

In other news, CAO Lauren D. Hotz sold 1,078 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 109 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at $1,221,804. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 218,014 shares of company stock valued at $140,855,687. Insiders own 2.68% of the company’s stock.

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.