Intuit Inc. (NASDAQ:INTU) Shares Sold by Woodline Partners LP

Woodline Partners LP reduced its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,770 shares of the software maker's stock after selling 38,783 shares during the period. Woodline Partners LP's holdings in Intuit were worth $43,850,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avanza Fonder AB purchased a new position in Intuit during the fourth quarter worth about $230,000. Merit Financial Group LLC increased its stake in shares of Intuit by 53.9% during the 4th quarter. Merit Financial Group LLC now owns 3,999 shares of the software maker's stock valued at $2,513,000 after acquiring an additional 1,400 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Intuit by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,998 shares of the software maker's stock worth $1,256,000 after acquiring an additional 55 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of Intuit by 187.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,016 shares of the software maker's stock worth $639,000 after acquiring an additional 662 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in Intuit by 4.6% in the fourth quarter. Grove Bank & Trust now owns 976 shares of the software maker's stock valued at $613,000 after purchasing an additional 43 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 0.1%

Shares of Intuit stock opened at $670.86 on Tuesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78. The company has a market capitalization of $187.55 billion, a PE ratio of 65.13, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day moving average of $610.04 and a 200-day moving average of $619.55.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.62%. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the transaction, the director now directly owns 8 shares of the company's stock, valued at $4,800. This trade represents a 99.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 in the last 90 days. 2.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INTU shares. Mizuho lifted their price target on shares of Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Jefferies Financial Group cut their target price on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Redburn Atlantic began coverage on Intuit in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. UBS Group raised their price objective on Intuit from $655.00 to $720.00 and gave the stock a "neutral" rating in a report on Friday. Finally, BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $720.16.

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.

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