Duncker Streett & Co. Inc. Has $5.25 Million Position in Intuit Inc. (NASDAQ:INTU)

Duncker Streett & Co. Inc. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 10.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,357 shares of the software maker’s stock after selling 955 shares during the period. Intuit makes up 1.0% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 29th biggest holding. Duncker Streett & Co. Inc.’s holdings in Intuit were worth $5,252,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in INTU. R Squared Ltd acquired a new position in shares of Intuit during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in Intuit in the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit in the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC acquired a new position in Intuit in the fourth quarter worth about $29,000. Finally, Denver PWM LLC acquired a new position in Intuit in the third quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the transaction, the insider now directly owns 6,301,286 shares of the company’s stock, valued at approximately $4,189,977,112.84. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark P. Notarainni sold 3,649 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $12,286.92. The trade was a 99.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,014 shares of company stock valued at $140,855,687 over the last three months. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on INTU. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” 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 for the company in a research report on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research report on Friday, November 22nd. Finally, Oppenheimer raised their price objective on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $717.88.

Intuit Price Performance

INTU opened at $613.84 on Friday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day simple moving average is $605.90 and its 200-day simple moving average is $627.12. The stock has a market capitalization of $171.82 billion, a P/E ratio of 59.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid 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 0.68%. 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.