Intuit Inc. (NASDAQ:INTU) Shares Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,706 shares of the software maker’s stock after buying an additional 26 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Intuit were worth $1,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Thrivent Financial for Lutherans grew its position in Intuit by 2.7% during the third quarter. Thrivent Financial for Lutherans now owns 14,733 shares of the software maker’s stock valued at $9,149,000 after buying an additional 388 shares during the period. Prospera Financial Services Inc grew its position in Intuit by 1.8% during the third quarter. Prospera Financial Services Inc now owns 1,008 shares of the software maker’s stock valued at $626,000 after buying an additional 18 shares during the period. Moors & Cabot Inc. grew its position in shares of Intuit by 6.1% in the third quarter. Moors & Cabot Inc. now owns 657 shares of the software maker’s stock valued at $408,000 after purchasing an additional 38 shares during the period. LPL Financial LLC grew its position in shares of Intuit by 6.5% in the third quarter. LPL Financial LLC now owns 195,175 shares of the software maker’s stock valued at $121,203,000 after purchasing an additional 11,927 shares during the period. Finally, Integrated Investment Consultants LLC grew its position in shares of Intuit by 15.5% in the third quarter. Integrated Investment Consultants LLC now owns 1,066 shares of the software maker’s stock valued at $662,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on INTU shares. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research report on Wednesday, January 15th. Scotiabank dropped their target price on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Citigroup dropped their target price on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $721.61.

Insider Activity

In other news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the completion of the sale, the chief executive officer now directly owns 37,869 shares in the company, valued at $23,701,828.41. This trade represents a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,348 shares of company stock valued at $73,515,245. Company insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $604.04 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50-day moving average is $596.08 and its two-hundred day moving average is $622.81. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The company has a market capitalization of $168.87 billion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

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.