Metis Global Partners LLC Buys 208 Shares of Intuit Inc. (NASDAQ:INTU)

Metis Global Partners LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,554 shares of the software maker’s stock after acquiring an additional 208 shares during the quarter. Metis Global Partners LLC’s holdings in Intuit were worth $9,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Providence First Trust Co bought a new stake in Intuit during the 4th quarter worth approximately $110,000. SVB Wealth LLC bought a new stake in Intuit during the 4th quarter worth approximately $7,645,000. Illumine Investment Management LLC bought a new stake in Intuit during the 4th quarter worth approximately $2,899,000. Dynasty Wealth Management LLC grew its holdings in Intuit by 9.3% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,359 shares of the software maker’s stock worth $2,740,000 after acquiring an additional 371 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Intuit by 5.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,134 shares of the software maker’s stock worth $713,000 after purchasing an additional 58 shares during the period. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INTU shares. Redburn Atlantic started coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Piper Sandler reiterated an “overweight” rating and issued a $785.00 target price (up previously from $765.00) on shares of Intuit in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $717.88.

Intuit Stock Up 2.2 %

Shares of Intuit stock opened at $613.84 on Friday. 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 Inc. has a 52-week low of $553.24 and a 52-week high of $714.78. The stock has a market capitalization of $171.82 billion, a price-to-earnings ratio of 59.60, a P/E/G ratio of 2.85 and a beta of 1.24. The company’s 50 day moving average price is $605.90 and its 200-day moving average price is $627.25.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is 38.81%.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,300 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total transaction of $814,346.00. Following the transaction, the chief financial officer now directly owns 644 shares in the company, valued at approximately $403,414.48. The trade was a 66.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,014 shares of company stock valued at $140,855,687. 2.68% of the stock is currently owned by company insiders.

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.