Keybank National Association OH grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,875 shares of the software maker’s stock after buying an additional 1,970 shares during the quarter. Keybank National Association OH owned 0.07% of Intuit worth $27,908,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Ark Investment Management LLC purchased a new stake in shares of Intuit during the second quarter valued at approximately $2,276,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Intuit by 60.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,526 shares of the software maker’s stock valued at $1,929,000 after purchasing an additional 5,460 shares during the period. USA Financial Portformulas Corp purchased a new stake in shares of Intuit during the second quarter valued at approximately $468,000. Eqis Capital Management Inc. raised its stake in shares of Intuit by 13.1% during the third quarter. Eqis Capital Management Inc. now owns 3,580 shares of the software maker’s stock valued at $509,000 after purchasing an additional 416 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Intuit by 340.1% during the third quarter. Shell Asset Management Co. now owns 198,875 shares of the software maker’s stock valued at $17,431,000 after purchasing an additional 153,688 shares during the period. Institutional investors own 86.76% of the company’s stock.
In other Intuit news, EVP Henry Tayloe Stansbury sold 7,882 shares of Intuit stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $152.05, for a total transaction of $1,198,458.10. Following the transaction, the executive vice president now owns 5,207 shares of the company’s stock, valued at approximately $791,724.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mark J. Flournoy sold 13,424 shares of Intuit stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $155.56, for a total value of $2,088,237.44. The disclosure for this sale can be found here. Insiders sold a total of 687,595 shares of company stock worth $107,334,732 in the last three months. 5.59% of the stock is currently owned by company insiders.
Shares of Intuit Inc. (INTU) traded down $0.25 during trading on Thursday, reaching $173.32. 1,460,400 shares of the company’s stock traded hands, compared to its average volume of 1,279,019. The company has a market capitalization of $44,373.16, a PE ratio of 45.97, a PEG ratio of 2.94 and a beta of 1.19. Intuit Inc. has a 12-month low of $114.80 and a 12-month high of $177.43. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35.
A number of analysts have recently weighed in on INTU shares. Credit Suisse Group reissued an “outperform” rating and set a $185.00 price target (up previously from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Intuit from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Morgan Stanley lifted their price objective on shares of Intuit from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Tuesday, November 21st. Jefferies Group reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Intuit in a report on Tuesday, November 21st. Finally, Oppenheimer lifted their price objective on shares of Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $161.53.
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Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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