Trillium Asset Management LLC Has $10.80 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Trillium Asset Management LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1,085.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,183 shares of the software maker’s stock after buying an additional 15,733 shares during the quarter. Trillium Asset Management LLC’s holdings in Intuit were worth $10,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Xponance Inc. grew its holdings in shares of Intuit by 3.1% during the fourth quarter. Xponance Inc. now owns 63,575 shares of the software maker’s stock valued at $39,957,000 after buying an additional 1,902 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Intuit during the fourth quarter valued at about $19,470,000. Evoke Wealth LLC grew its holdings in shares of Intuit by 1.8% during the fourth quarter. Evoke Wealth LLC now owns 6,754 shares of the software maker’s stock valued at $4,245,000 after buying an additional 117 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Intuit by 40.8% during the fourth quarter. Horizon Investments LLC now owns 9,624 shares of the software maker’s stock valued at $6,039,000 after buying an additional 2,789 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC grew its holdings in shares of Intuit by 15.8% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 424 shares of the software maker’s stock valued at $266,000 after buying an additional 58 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer raised their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group raised their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Barclays dropped their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $721.61.

Insider Activity

In related news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the transaction, the insider now owns 6,219,900 shares of the company’s stock, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Laura A. Fennell sold 4,788 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the transaction, the executive vice president now directly owns 30,010 shares of the company’s stock, valued at approximately $18,414,736.20. This represents a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,646 shares of company stock valued at $72,494,045 over the last quarter. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $599.03 on Wednesday. The company’s 50 day moving average is $597.44 and its 200-day moving average is $623.29. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $167.47 billion, a P/E ratio of 58.16, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

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.