Janus Henderson Group PLC Purchases 451,039 Shares of Intuit Inc. (NASDAQ:INTU)

Janus Henderson Group PLC raised its position in Intuit Inc. (NASDAQ:INTU) by 72.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,073,103 shares of the software maker’s stock after buying an additional 451,039 shares during the quarter. Janus Henderson Group PLC owned about 0.38% of Intuit worth $674,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whalen Wealth Management Inc. bought a new stake in Intuit during the fourth quarter worth $621,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Intuit by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker’s stock valued at $107,854,000 after buying an additional 3,648 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in Intuit by 3.8% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 43,313 shares of the software maker’s stock valued at $27,223,000 after acquiring an additional 1,602 shares during the last quarter. Hantz Financial Services Inc. grew its position in Intuit by 10.2% in the fourth quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker’s stock valued at $13,906,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Factory Mutual Insurance Co. acquired a new position in Intuit during the fourth quarter worth about $33,248,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Scotiabank upgraded Intuit from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $600.00 to $700.00 in a research note on Thursday, April 17th. BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Mizuho boosted their price target on Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $717.53.

Intuit Stock Performance

NASDAQ INTU opened at $653.88 on Friday. The company has a market cap of $182.80 billion, a P/E ratio of 63.48, a PEG ratio of 2.85 and a beta of 1.24. The company has a fifty day simple moving average of $602.37 and a 200 day simple moving average of $617.53. 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.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction that occurred 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 transaction, the insider now owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the sale, the executive vice president now directly owns 21,882 shares of the company’s stock, valued at $13,401,849.72. The trade was a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock valued at $14,347,731 over the last three months. Corporate 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.