Winslow Capital Management LLC Has $275.12 Million Holdings in Intuit Inc. (NASDAQ:INTU)

Winslow Capital Management LLC trimmed its position in Intuit Inc. (NASDAQ:INTU) by 38.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,733 shares of the software maker’s stock after selling 268,182 shares during the quarter. Winslow Capital Management LLC owned 0.16% of Intuit worth $275,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. R Squared Ltd acquired a new stake in Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC grew its position in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after acquiring an additional 18 shares during the period. Summit Securities Group LLC bought a new stake in Intuit in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Intuit during the fourth quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Intuit in the 4th quarter valued at $28,000. 83.66% of the stock is owned by institutional investors.

Intuit Stock Down 2.2 %

Shares of INTU stock opened at $544.07 on Wednesday. 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 $152.10 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 2.85 and a beta of 1.25. The firm’s 50-day moving average is $592.53 and its 200-day moving average is $618.78.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.76%. Intuit’s dividend payout ratio is currently 38.81%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INTU shares. Redburn Atlantic started coverage on Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Morgan Stanley upgraded shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a report on Wednesday, February 26th. Piper Sandler reissued an “overweight” rating and issued a $785.00 price target (up previously from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. BMO Capital Markets lowered their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their target price on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $718.00.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the transaction, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,774 shares of company stock valued at $15,015,315. 2.68% of the stock is owned by insiders.

Intuit Company 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.