First Citizens Bank & Trust Co. Sells 653 Shares of Intuit Inc. (NASDAQ:INTU)

First Citizens Bank & Trust Co. decreased its position in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,178 shares of the software maker’s stock after selling 653 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Intuit were worth $736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC bought a new position in Intuit during the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. acquired a new stake in Intuit during the 3rd quarter worth approximately $26,000. Steward Financial Group LLC raised its holdings in Intuit by 50.0% during the 3rd quarter. Steward Financial Group LLC now owns 60 shares of the software maker’s stock worth $30,000 after buying an additional 20 shares during the period. Aspire Private Capital LLC raised its holdings in Intuit by 144.4% during the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in Intuit during the 3rd quarter worth approximately $43,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other news, EVP Laura A. Fennell sold 14,771 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $589.60, for a total value of $8,708,981.60. Following the completion of the sale, the executive vice president now owns 50,030 shares of the company’s stock, valued at $29,497,688. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Laura A. Fennell sold 14,771 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $589.60, for a total value of $8,708,981.60. Following the completion of the sale, the executive vice president now owns 50,030 shares of the company’s stock, valued at $29,497,688. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $488,071.85. Following the completion of the sale, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,260 shares of company stock valued at $20,667,475. 2.90% of the stock is owned by company insiders.

Intuit Trading Down 2.1 %

INTU stock opened at $626.59 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average price of $648.25 and a two-hundred day moving average price of $589.72. Intuit Inc. has a one year low of $400.22 and a one year high of $671.01. The stock has a market cap of $175.45 billion, a price-to-earnings ratio of 63.94, a price-to-earnings-growth ratio of 3.90 and a beta of 1.21.

Intuit (NASDAQ:INTUGet Free Report) last released its quarterly earnings data 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 net margin of 18.35% and a return on equity of 17.51%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Intuit Inc. will post 11.27 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th will be given a $0.90 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s payout ratio is presently 36.73%.

Analyst Upgrades and Downgrades

Several analysts have commented on INTU shares. Barclays raised their target price on shares of Intuit from $735.00 to $745.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Mizuho lifted their price objective on shares of Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus lifted their price objective on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $700.00 price objective on shares of Intuit in a report on Tuesday, March 26th. Finally, KeyCorp lifted their price objective on shares of Intuit from $700.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $645.00.

Check Out Our Latest Research Report on Intuit

Intuit Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTUFree Report).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.