J. W. Coons Advisors LLC Has $343,000 Stake in Intuit Inc. (NASDAQ:INTU)

J. W. Coons Advisors LLC trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 545 shares of the software maker’s stock after selling 97 shares during the period. J. W. Coons Advisors LLC’s holdings in Intuit were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of INTU. Foundations Investment Advisors LLC lifted its position in shares of Intuit by 8.1% during the third quarter. Foundations Investment Advisors LLC now owns 402 shares of the software maker’s stock worth $250,000 after purchasing an additional 30 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Intuit by 5.5% during the third quarter. Dakota Wealth Management now owns 4,057 shares of the software maker’s stock worth $2,519,000 after purchasing an additional 213 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in Intuit by 1.8% in the third quarter. Mount Yale Investment Advisors LLC now owns 973 shares of the software maker’s stock valued at $604,000 after buying an additional 17 shares during the period. Country Club Bank acquired a new position in Intuit in the third quarter valued at approximately $399,000. Finally, Allworth Financial LP lifted its holdings in Intuit by 2.9% in the third quarter. Allworth Financial LP now owns 2,877 shares of the software maker’s stock valued at $1,787,000 after buying an additional 82 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on INTU shares. JPMorgan Chase & Co. increased their price objective on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Stifel Nicolaus cut their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Barclays cut their price objective on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Morgan Stanley increased their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Finally, Redburn Atlantic initiated coverage on shares of Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $726.71.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the transaction, the executive vice president now directly owns 489 shares of the company’s stock, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 218,014 shares of company stock valued at $140,855,687. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Down 2.4 %

Shares of INTU stock opened at $565.47 on Monday. The firm has a fifty day moving average of $612.23 and a 200-day moving average of $628.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The company has a market capitalization of $158.28 billion, a price-to-earnings ratio of 54.90, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

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.