Compagnie Lombard Odier SCmA Sells 9,197 Shares of Intuit Inc. (NASDAQ:INTU)

Compagnie Lombard Odier SCmA lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 79.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,400 shares of the software maker's stock after selling 9,197 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Intuit were worth $1,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Copia Wealth Management acquired a new stake in Intuit during the fourth quarter worth approximately $25,000. NewSquare Capital LLC raised its stake in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after acquiring an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Intuit in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Intuit in the fourth quarter valued at $28,000. Finally, VSM Wealth Advisory LLC acquired a new position in Intuit in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In other news, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider now directly owns 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,408 shares of company stock worth $213,441,865. 2.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup reissued a "buy" rating and issued a $789.00 target price (up from $726.00) on shares of Intuit in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $815.00 price objective (up previously from $775.00) on shares of Intuit in a research note on Friday, May 23rd. Stifel Nicolaus raised their target price on shares of Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho upped their price target on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Finally, HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $787.95.

Intuit Stock Performance

Shares of NASDAQ:INTU traded down $12.23 during trading on Friday, hitting $753.98. 1,148,047 shares of the stock were exchanged, compared to its average volume of 1,609,672. The company has a market capitalization of $210.32 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $773.45. The company's fifty day simple moving average is $660.65 and its 200-day simple moving average is $629.50.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.88 EPS. Sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be issued a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.55%. Intuit's dividend payout ratio is presently 33.77%.

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.