Caisse Des Depots ET Consignations Makes New $560,000 Investment in Intuit Inc. (NASDAQ:INTU)

Caisse Des Depots ET Consignations purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 891 shares of the software maker’s stock, valued at approximately $560,000.

Several other large investors have also recently made changes to their positions in INTU. NEOS Investment Management LLC grew its stake in Intuit by 25.2% in the fourth quarter. NEOS Investment Management LLC now owns 35,523 shares of the software maker’s stock valued at $22,326,000 after purchasing an additional 7,142 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Intuit by 38.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 83,743 shares of the software maker’s stock worth $52,632,000 after buying an additional 23,262 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Intuit by 8.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 464,651 shares of the software maker’s stock worth $292,837,000 after acquiring an additional 37,386 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Intuit during the fourth quarter valued at approximately $1,131,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Intuit in the fourth quarter valued at approximately $214,000. 83.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTU. Citigroup reduced their price target on Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised Intuit from a “neutral” rating to an “overweight” rating and upped their target price for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target for the company in a report on Wednesday, February 26th. BMO Capital Markets dropped their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $721.61.

Intuit Stock Up 0.1 %

Shares of INTU stock opened at $615.30 on Friday. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The stock has a market cap of $172.01 billion, a P/E ratio of 59.74, a P/E/G ratio of 2.85 and a beta of 1.27. The stock has a 50 day moving average of $596.00 and a 200 day moving average of $622.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid 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 currently 38.81%.

Insider Buying and Selling

In other news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the sale, the director now directly owns 8 shares of the company’s stock, valued at $4,800. This represents a 99.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the transaction, the executive vice president now owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,896 shares of company stock valued at $82,946,716. Corporate insiders own 2.68% of the company’s stock.

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.