ING Groep NV reduced its position in Intuit Inc. (NASDAQ:INTU) by 62.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,181 shares of the software maker’s stock after selling 26,586 shares during the quarter. ING Groep NV’s holdings in Intuit were worth $2,553,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in INTU. Lindsell Train Ltd boosted its stake in Intuit by 7.3% in the third quarter. Lindsell Train Ltd now owns 2,369,800 shares of the software maker’s stock valued at $336,843,000 after acquiring an additional 162,000 shares during the period. APG Asset Management N.V. boosted its stake in Intuit by 102.0% in the fourth quarter. APG Asset Management N.V. now owns 1,640,506 shares of the software maker’s stock valued at $215,555,000 after acquiring an additional 828,387 shares during the period. Koch Industries Inc. boosted its stake in Intuit by 38,665.6% in the second quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock valued at $1,428,000 after acquiring an additional 1,434,880 shares during the period. Legal & General Group Plc boosted its stake in Intuit by 4.2% in the third quarter. Legal & General Group Plc now owns 1,274,857 shares of the software maker’s stock valued at $181,210,000 after acquiring an additional 51,879 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Intuit by 10.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,127,074 shares of the software maker’s stock valued at $160,202,000 after acquiring an additional 102,305 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on INTU shares. Credit Suisse Group restated an “outperform” rating and issued a $185.00 target price (up from $170.00) on shares of Intuit in a research note on Tuesday, January 9th. Zacks Investment Research downgraded Intuit from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Morgan Stanley lifted their target price on Intuit from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Tuesday, November 21st. Jefferies Group reiterated a “buy” rating and set a $185.00 price objective on shares of Intuit in a research report on Tuesday, November 21st. Finally, Oppenheimer boosted their price objective on Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $158.32.

In other Intuit news, EVP Henry Tayloe Stansbury sold 2,158 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total value of $326,613.30. Following the transaction, the executive vice president now owns 3,050 shares of the company’s stock, valued at $461,617.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Scott D. Cook sold 183,334 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $151.46, for a total value of $27,767,767.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 965,938 shares of company stock worth $149,469,127. 5.59% of the stock is owned by corporate insiders.

Shares of Intuit Inc. (NASDAQ:INTU) opened at $157.06 on Friday. Intuit Inc. has a twelve month low of $114.80 and a twelve month high of $170.59. The company has a market capitalization of $39,050.52, a P/E ratio of 41.66, a P/E/G ratio of 2.75 and a beta of 1.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU) last announced its earnings results on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $855.74 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. analysts expect that Intuit Inc. will post 4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.56 annualized dividend and a yield of 0.99%. Intuit’s payout ratio is 41.38%.

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Intuit Company Profile

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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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