Intuit Inc. (NASDAQ:INTU) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,104 shares of the software maker’s stock after acquiring an additional 1,089 shares during the quarter. MetLife Investment Management LLC’s holdings in Intuit were worth $54,116,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. True North Advisors LLC boosted its holdings in shares of Intuit by 4.3% in the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker’s stock valued at $257,000 after purchasing an additional 17 shares during the last quarter. Great Diamond Partners LLC raised its holdings in shares of Intuit by 2.8% in the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker’s stock worth $394,000 after purchasing an additional 17 shares during the period. Pacifica Partners Inc. raised its holdings in shares of Intuit by 27.7% in the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker’s stock worth $52,000 after purchasing an additional 18 shares during the period. Drive Wealth Management LLC grew its holdings in shares of Intuit by 2.4% during the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker’s stock worth $478,000 after purchasing an additional 18 shares during the period. Finally, NewSquare Capital LLC increased its position in 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 purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the transaction, the director now directly owns 8 shares of the company’s stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the sale, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. The trade was a 27.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 in the last three months. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

INTU has been the subject of several research reports. Oppenheimer decreased their price objective on shares of Intuit from $722.00 to $642.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Mizuho upped their target price on Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Piper Sandler reiterated an “overweight” rating and set a $785.00 target price (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Finally, Morgan Stanley dropped their price objective on shares of Intuit from $730.00 to $720.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $718.56.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $585.38 on Friday. The company has a market cap of $163.65 billion, a PE ratio of 56.83, a P/E/G ratio of 2.85 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $714.78. The firm has a 50-day simple moving average of $592.03 and a 200 day simple moving average of $616.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is 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.