Intuit Inc. (NASDAQ:INTU) Position Raised by MetLife Investment Management LLC

MetLife Investment Management LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 86,104 shares of the software maker’s stock after purchasing an additional 1,089 shares during the quarter. MetLife Investment Management LLC’s holdings in Intuit were worth $54,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTU. Invst LLC bought a new position in shares of Intuit during the 3rd quarter valued at about $203,000. Virtu Financial LLC acquired a new position in Intuit in the third quarter worth approximately $7,506,000. Anchor Investment Management LLC increased its holdings in shares of Intuit by 6.6% in the third quarter. Anchor Investment Management LLC now owns 2,415 shares of the software maker’s stock valued at $1,500,000 after buying an additional 150 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Intuit during the 3rd quarter valued at $201,000. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Intuit by 7.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 25,869 shares of the software maker’s stock worth $16,065,000 after acquiring an additional 1,721 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.5 %

NASDAQ INTU opened at $585.38 on Friday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78. The company has a market capitalization of $163.65 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 2.85 and a beta of 1.25. The stock’s 50 day moving average is $592.03 and its two-hundred day moving average is $616.49. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

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 paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit’s dividend payout ratio is 38.81%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent analyst reports. BNP Paribas lowered 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. Mizuho raised their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a report on Monday, March 3rd. Citigroup cut their price target on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Scotiabank raised shares of Intuit from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $600.00 to $700.00 in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $785.00 target price (up previously from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $718.56.

Insider Buying and Selling at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of the 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 sale, the director now owns 8 shares in the company, valued at $4,800. This trade represents a 99.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,696 shares of company stock worth $14,347,731 over the last three months. Company insiders own 2.68% of the company’s stock.

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.