Intuit Inc. (NASDAQ:INTU) Shares Sold by Capital Analysts LLC

Capital Analysts LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442 shares of the software maker’s stock after selling 38 shares during the quarter. Capital Analysts LLC’s holdings in Intuit were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invst LLC purchased a new stake in shares of Intuit in the 3rd quarter worth about $203,000. Virtu Financial LLC purchased a new stake in shares of Intuit in the third quarter valued at about $7,506,000. Anchor Investment Management LLC raised its position in shares of Intuit by 6.6% during the 3rd quarter. Anchor Investment Management LLC now owns 2,415 shares of the software maker’s stock worth $1,500,000 after purchasing an additional 150 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Intuit in the 3rd quarter valued at approximately $201,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Intuit by 7.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 25,869 shares of the software maker’s stock valued at $16,065,000 after buying an additional 1,721 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on INTU shares. Citigroup decreased their price objective on Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Intuit from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. BMO Capital Markets decreased their price objective on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, HSBC upgraded Intuit from a “hold” rating to a “buy” rating and set a $699.00 price target for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $717.53.

Insider Buying and Selling

In other news, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was 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 in the company, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marianna Tessel sold 7,385 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now directly owns 40,190 shares of the company’s stock, valued at $24,119,224.70. This represents a 15.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Up 1.5 %

Shares of NASDAQ INTU opened at $624.12 on Monday. The firm’s 50-day moving average is $593.48 and its 200-day moving average is $616.08. 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 Inc. has a 1 year low of $532.65 and a 1 year high of $714.78. The firm has a market capitalization of $174.48 billion, a PE ratio of 60.59, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.67%. Intuit’s dividend payout ratio is presently 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.