FineMark National Bank & Trust Acquires 27 Shares of Intuit Inc. (NASDAQ:INTU)

FineMark National Bank & Trust boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,509 shares of the software maker’s stock after acquiring an additional 27 shares during the quarter. FineMark National Bank & Trust’s holdings in Intuit were worth $948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. NewSquare Capital LLC grew its position in shares of Intuit by 72.0% during 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. Heck Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Intuit in the 4th quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in Intuit during the 4th quarter worth approximately $29,000. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 0.9 %

NASDAQ INTU opened at $618.72 on Wednesday. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $595.97 and a 200-day moving average of $622.76. The company has a market cap of $172.97 billion, a PE ratio of 60.07, a PEG ratio of 2.85 and a beta of 1.27.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INTU shares. Scotiabank lowered their target price on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Mizuho boosted their target price on Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upgraded Intuit from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $721.61.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the completion of the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at approximately $1,221,804. The trade was a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott D. Cook sold 6,446 shares of the stock in a transaction 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 completion of the sale, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,896 shares of company stock worth $82,946,716 in the last ninety days. 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.