Crew Capital Management Ltd. Has $1.27 Million Position in Intuit Inc. (NASDAQ:INTU)

Crew Capital Management Ltd. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 14.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,027 shares of the software maker’s stock after acquiring an additional 252 shares during the quarter. Intuit comprises about 1.1% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 19th biggest position. Crew Capital Management Ltd.’s holdings in Intuit were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INTU. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Intuit by 27.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,342 shares of the software maker’s stock valued at $1,477,000 after purchasing an additional 511 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Intuit by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,759,171 shares of the software maker’s stock valued at $1,105,639,000 after purchasing an additional 70,726 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Intuit by 0.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,478 shares of the software maker’s stock valued at $9,728,000 after purchasing an additional 136 shares in the last quarter. Scratch Capital LLC acquired a new stake in shares of Intuit in the 4th quarter valued at $754,000. Finally, Meridian Wealth Management LLC boosted its stake in shares of Intuit by 4.4% in the 4th quarter. Meridian Wealth Management LLC now owns 1,213 shares of the software maker’s stock valued at $762,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $598.07 on Wednesday. The firm has a market capitalization of $167.20 billion, a P/E ratio of 58.07, a PEG ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 1 year low of $553.24 and a 1 year high of $714.78. The business has a 50-day moving average of $604.21 and a 200-day moving average of $626.30. 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.70%. Intuit’s payout ratio is currently 38.81%.

Insider Transactions at Intuit

In other news, EVP Laura A. Fennell sold 7,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the completion of the transaction, the executive vice president now directly owns 33,916 shares in the company, valued at approximately $22,304,518.24. The trade was a 18.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $665.98, for a total value of $15,856,983.80. Following the transaction, the executive vice president now owns 489 shares of the company’s stock, valued at $325,664.22. The trade was a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,460 shares of company stock worth $144,750,747. 2.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTU. Royal Bank of Canada restated an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. Oppenheimer boosted their target price on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Stifel Nicolaus reduced their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets cut their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $720.50.

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.