Intuit Inc. (NASDAQ:INTU) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,097 shares of the software maker’s stock after selling 4,034 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Intuit were worth $58,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Quantbot Technologies LP lifted its holdings in shares of Intuit by 1,027.3% in the 3rd quarter. Quantbot Technologies LP now owns 124 shares of the software maker’s stock valued at $77,000 after purchasing an additional 113 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Intuit by 2.4% in the third quarter. Glenmede Trust Co. NA now owns 15,647 shares of the software maker’s stock valued at $9,717,000 after acquiring an additional 361 shares during the period. Hantz Financial Services Inc. grew its position in shares of Intuit by 4.7% during the third quarter. Hantz Financial Services Inc. now owns 20,071 shares of the software maker’s stock worth $12,464,000 after acquiring an additional 902 shares during the last quarter. Captrust Financial Advisors raised its position in Intuit by 6.9% in the 3rd quarter. Captrust Financial Advisors now owns 64,896 shares of the software maker’s stock valued at $40,300,000 after purchasing an additional 4,184 shares during the last quarter. Finally, Eventide Asset Management LLC boosted its stake in Intuit by 66.9% during the 3rd quarter. Eventide Asset Management LLC now owns 5,971 shares of the software maker’s stock worth $3,708,000 after purchasing an additional 2,393 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on INTU shares. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research note on Wednesday, January 15th. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective for the company in a research note on Wednesday, February 26th. Citigroup dropped their target price on Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Mizuho increased their price target on Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a report on Monday, March 3rd. Finally, StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $721.61.

Intuit Stock Performance

Shares of INTU stock opened at $598.92 on Friday. The firm has a market capitalization of $167.44 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. The company has a 50 day moving average price of $595.90 and a 200 day moving average price of $622.46. Intuit Inc. has a one year low of $553.24 and a one year 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.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction 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. The trade was a 0.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president now directly owns 21,882 shares of the company’s stock, 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. Over the last 90 days, insiders sold 132,896 shares of company stock valued at $82,946,716. 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.