Harrington Investments INC Acquires 148 Shares of Intuit Inc. (NASDAQ:INTU)

Harrington Investments INC raised its holdings in Intuit Inc. (NASDAQ:INTU) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,785 shares of the software maker’s stock after acquiring an additional 148 shares during the period. Intuit makes up 1.7% of Harrington Investments INC’s investment portfolio, making the stock its 18th largest position. Harrington Investments INC’s holdings in Intuit were worth $3,008,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of INTU. R Squared Ltd bought a new stake in Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in shares of Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after buying an additional 18 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit in the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in Intuit in the fourth quarter valued at $29,000. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 73,655 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,301 shares of company stock worth $121,470,200. 2.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. BMO Capital Markets cut their price objective on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Citigroup reduced their price target on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Stifel Nicolaus decreased their target price 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. Finally, Mizuho upped their price target on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $721.61.

Intuit Stock Performance

Shares of INTU opened at $598.80 on Friday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company has a 50-day simple moving average of $598.23 and a two-hundred day simple moving average of $623.63. 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 firm has a market capitalization of $167.40 billion, a PE ratio of 58.14, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.69%. Intuit’s payout ratio is 38.81%.

Intuit Company 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.