Intuit Inc. (NASDAQ:INTU) Shares Sold by S.A. Mason LLC

S.A. Mason LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,640 shares of the software maker’s stock after selling 89 shares during the period. Intuit makes up approximately 2.4% of S.A. Mason LLC’s holdings, making the stock its 9th largest holding. S.A. Mason LLC’s holdings in Intuit were worth $3,525,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new stake in shares of Intuit during the 3rd quarter valued at approximately $51,000. V Square Quantitative Management LLC raised its position in shares of Intuit by 18.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 482 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Intuit by 2,017.2% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 46,007 shares of the software maker’s stock valued at $22,282,000 after buying an additional 43,834 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in Intuit in the 2nd quarter valued at approximately $285,000. Finally, Thematics Asset Management grew its holdings in Intuit by 8.4% during the 2nd quarter. Thematics Asset Management now owns 21,897 shares of the software maker’s stock valued at $10,033,000 after buying an additional 1,704 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTU. Oppenheimer increased their price objective on Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Mizuho raised their price target on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. KeyCorp lifted their price target on shares of Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Intuit from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley boosted their price target on Intuit from $525.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $645.00.

Intuit Price Performance

INTU opened at $648.74 on Thursday. The company has a market capitalization of $181.65 billion, a P/E ratio of 66.20, a PEG ratio of 3.90 and a beta of 1.22. The company has a 50-day moving average of $645.76 and a 200-day moving average of $586.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. Intuit Inc. has a 1-year low of $400.22 and a 1-year high of $671.01.

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

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 10th will be given a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.55%. Intuit’s dividend payout ratio is currently 36.73%.

Insider Buying and Selling

In other news, EVP Laura A. Fennell sold 14,771 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $589.60, for a total value of $8,708,981.60. Following the completion of the transaction, the executive vice president now directly owns 50,030 shares of the company’s stock, valued at approximately $29,497,688. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Laura A. Fennell sold 14,772 shares of Intuit stock in a transaction on Monday, January 8th. The stock was sold at an average price of $598.52, for a total value of $8,841,337.44. Following the completion of the sale, the executive vice president now directly owns 50,030 shares of the company’s stock, valued at approximately $29,943,955.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Laura A. Fennell sold 14,771 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $589.60, for a total value of $8,708,981.60. Following the sale, the executive vice president now directly owns 50,030 shares of the company’s stock, valued at $29,497,688. The disclosure for this sale can be found here. Insiders sold a total of 34,260 shares of company stock valued at $20,667,475 over the last ninety days. 2.90% of the stock is owned by company insiders.

About Intuit

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.