Angeles Investment Advisors LLC Has $387,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Angeles Investment Advisors LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 616 shares of the software maker’s stock after selling 43 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Intuit were worth $387,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in INTU. Prospera Financial Services Inc lifted its holdings in shares of Intuit by 1.8% during the third quarter. Prospera Financial Services Inc now owns 1,008 shares of the software maker’s stock worth $626,000 after purchasing an additional 18 shares during the period. Moors & Cabot Inc. raised its position in Intuit by 6.1% during the 3rd quarter. Moors & Cabot Inc. now owns 657 shares of the software maker’s stock worth $408,000 after purchasing an additional 38 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Intuit by 20.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 4,649 shares of the software maker’s stock worth $3,181,000 after buying an additional 799 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Intuit in the 3rd quarter valued at about $722,000. Finally, Stonebrook Private Inc. increased its stake in shares of Intuit by 12.6% in the third quarter. Stonebrook Private Inc. now owns 384 shares of the software maker’s stock valued at $238,000 after buying an additional 43 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $604.04 on Monday. The stock’s 50 day moving average is $596.08 and its 200-day moving average is $622.80. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $168.87 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is 38.81%.

Analysts Set New Price Targets

A number of equities analysts recently commented on INTU shares. Piper Sandler reaffirmed an “overweight” rating and issued a $785.00 price objective (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 target price for the company in a research note on Wednesday, February 26th. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $721.61.

Insider Activity

In other news, insider Scott D. Cook sold 6,446 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares in the company, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,348 shares of company stock worth $73,515,245 over the last three months. 2.68% of the stock is currently owned by insiders.

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.