James Hambro & Partners LLP Sells 534 Shares of Intuit Inc. (NASDAQ:INTU)

James Hambro & Partners LLP trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 29.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,270 shares of the software maker's stock after selling 534 shares during the quarter. James Hambro & Partners LLP's holdings in Intuit were worth $780,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in shares of Intuit in the fourth quarter worth $25,000. NewSquare Capital LLC lifted its position 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 during the last quarter. Summit Securities Group LLC bought a new stake in Intuit during the fourth quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in Intuit during the fourth quarter valued at about $28,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Intuit in the fourth quarter valued at about $35,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of INTU stock traded down $12.23 during trading hours on Friday, hitting $753.98. The company had a trading volume of 1,148,047 shares, compared to its average volume of 1,611,840. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $773.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm's fifty day moving average is $664.85 and its 200 day moving average is $630.25. The firm has a market capitalization of $210.32 billion, a price-to-earnings ratio of 73.20, a PEG ratio of 2.85 and a beta of 1.28.

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

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is currently 33.77%.

Analyst Upgrades and Downgrades

INTU has been the subject of several research analyst reports. Mizuho boosted their price objective on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. The Goldman Sachs Group upped their price target on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $850.00 price objective (up from $760.00) on shares of Intuit in a research report on Friday, May 23rd. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Evercore ISI increased their price target on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price of $787.95.

Insider Activity at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 8 shares of the company's stock, valued at approximately $4,800. This represents a 99.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marianna Tessel sold 7,385 shares of Intuit stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares of the company's stock, valued at $24,119,224.70. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,408 shares of company stock valued at $213,441,865 in the last ninety days. Insiders own 2.68% of the company's stock.

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.