Tokio Marine Asset Management Co. Ltd. Has $4.10 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,563 shares of the software maker’s stock after buying an additional 341 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Intuit were worth $4,102,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. MCF Advisors LLC boosted its stake in Intuit by 119.0% in the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Intuit during the third quarter worth approximately $25,000. Cape Investment Advisory Inc. acquired a new position in shares of Intuit during the third quarter worth approximately $26,000. Steward Financial Group LLC grew its holdings in Intuit by 50.0% during the third quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after buying an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in Intuit during the fourth quarter worth $38,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTU has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Barclays raised their price target on Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Evercore ISI raised their target price on Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and issued a $700.00 target price on shares of Intuit in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their target price on Intuit from $560.00 to $585.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $645.00.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the transaction, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,717 shares of company stock worth $3,117,156 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $4.61 during mid-day trading on Wednesday, reaching $635.49. The stock had a trading volume of 1,376,556 shares, compared to its average volume of 1,250,610. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $177.94 billion, a P/E ratio of 64.85, a price-to-earnings-growth ratio of 3.71 and a beta of 1.21. Intuit Inc. has a 1 year low of $400.22 and a 1 year high of $671.01. The business’s 50 day moving average price is $641.40 and its 200 day moving average price is $601.86.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts expect that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. Intuit’s dividend payout ratio (DPR) is presently 36.73%.

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.