Intuit Inc. (NASDAQ:INTU) Shares Purchased by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,192 shares of the software maker’s stock after buying an additional 19 shares during the period. Kolinsky Wealth Management LLC’s holdings in Intuit were worth $749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Intuit by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker’s stock valued at $16,991,696,000 after purchasing an additional 353,185 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker’s stock valued at $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Intuit by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker’s stock valued at $3,329,115,000 after purchasing an additional 620,559 shares in the last quarter. Norges Bank bought a new position in shares of Intuit during the fourth quarter valued at $2,290,419,000. Finally, Northern Trust Corp boosted its position in Intuit by 17.3% in the fourth quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker’s stock valued at $2,118,682,000 after buying an additional 498,030 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Up 0.0%

Shares of NASDAQ INTU opened at $671.16 on Wednesday. The firm has a 50 day moving average price of $611.83 and a two-hundred day moving average price of $619.91. Intuit Inc. has a 52-week low of $532.65 and a 52-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 stock has a market cap of $187.63 billion, a P/E ratio of 65.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, April 10th. Intuit’s payout ratio is currently 38.81%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Intuit from $655.00 to $720.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Redburn Atlantic assumed coverage on Intuit in a research note on Wednesday, February 19th. They issued a “neutral” rating for the company. Hsbc Global Res raised Intuit from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group reduced their price objective on Intuit from $800.00 to $735.00 and set a “buy” rating for the company in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $719.06.

Insiders Place Their Bets

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now owns 8 shares in the company, valued at $4,800. This represents a 99.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 transaction, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This represents a 27.17% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,696 shares of company stock valued at $14,347,731. Corporate 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.