Impax Asset Management Group plc Buys 144 Shares of Intuit Inc. (NASDAQ:INTU)

Impax Asset Management Group plc raised its stake in Intuit Inc. (NASDAQ:INTU) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,392 shares of the software maker’s stock after acquiring an additional 144 shares during the period. Impax Asset Management Group plc’s holdings in Intuit were worth $14,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of INTU. R Squared Ltd purchased a new stake in Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of Intuit during the fourth quarter valued at approximately $29,000. Finally, Denver PWM LLC bought a new stake in shares of Intuit during the third quarter valued at approximately $32,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on INTU shares. Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. BNP Paribas cut Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. Barclays reduced their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Scotiabank began coverage on shares of Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average target price of $726.71.

Insider Transactions at Intuit

In other news, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the sale, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark P. Notarainni sold 3,649 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $12,286.92. This represents a 99.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,014 shares of company stock valued at $140,855,687 over the last quarter. 2.68% of the stock is currently owned by company insiders.

Intuit Price Performance

NASDAQ INTU opened at $567.24 on Tuesday. The business’s fifty day moving average is $610.15 and its 200 day moving average is $628.07. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two 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 company has a market capitalization of $158.78 billion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

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.