Hyman Charles D Sells 78 Shares of Intuit Inc. (NASDAQ:INTU)

Hyman Charles D cut its holdings in Intuit Inc. (NASDAQ:INTU) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,188 shares of the software maker’s stock after selling 78 shares during the quarter. Hyman Charles D’s holdings in Intuit were worth $3,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of INTU. Desjardins Global Asset Management Inc. raised its position in Intuit by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,181 shares of the software maker’s stock worth $738,000 after buying an additional 16 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Intuit by 0.3% in the 4th quarter. GAM Holding AG now owns 5,873 shares of the software maker’s stock valued at $3,671,000 after buying an additional 17 shares during the period. Janiczek Wealth Management LLC boosted its stake in shares of Intuit by 2.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 716 shares of the software maker’s stock worth $448,000 after buying an additional 17 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in Intuit by 0.4% during the fourth quarter. Clear Harbor Asset Management LLC now owns 4,842 shares of the software maker’s stock worth $3,027,000 after acquiring an additional 18 shares during the period. Finally, Glenview Trust co grew its holdings in Intuit by 1.9% during the third quarter. Glenview Trust co now owns 1,031 shares of the software maker’s stock worth $527,000 after acquiring an additional 19 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTU. KeyCorp increased their target price on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Evercore ISI boosted their price objective on Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on shares of Intuit from $560.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Mizuho upped their price objective on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $650.23.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the sale, the chief accounting officer now directly owns 3,180 shares in the company, valued at $2,083,313.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total value of $488,071.85. Following the completion of the transaction, the chief accounting officer now owns 3,180 shares in the company, valued at $2,083,313.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is owned by corporate insiders.

Intuit Price Performance

Shares of Intuit stock traded up $6.51 during trading on Tuesday, reaching $641.15. The company’s stock had a trading volume of 757,578 shares, compared to its average volume of 1,231,888. Intuit Inc. has a 12-month low of $400.22 and a 12-month high of $671.01. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $179.52 billion, a P/E ratio of 65.42, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. The business has a 50 day moving average price of $636.41 and a 200-day moving average price of $608.45.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Intuit’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is 36.73%.

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.