Intuit Inc. (NASDAQ:INTU) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.2% during the fourth quarter, Holdings Channel reports. The firm owned 37,600 shares of the software maker’s stock after selling 5,212 shares during the period. Flossbach Von Storch SE’s holdings in Intuit were worth $23,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. R Squared Ltd acquired a new stake in Intuit during the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Intuit during the third quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit during the fourth quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Intuit in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the transaction, the chief executive officer now owns 37,869 shares of the company’s stock, valued at approximately $23,701,828.41. This represents a 41.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTU. Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer lifted their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Redburn Atlantic began coverage on shares of Intuit in a research report on Wednesday. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $726.53.

Intuit Stock Up 0.4 %

INTU opened at $582.19 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The stock has a market capitalization of $162.97 billion, a price-to-earnings ratio of 56.52, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24. The business has a 50-day moving average of $615.92 and a two-hundred day moving average of $628.85.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

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.