Keeler Thomas Management LLC Sells 1,128 Shares of Intuit Inc. (NASDAQ:INTU)

Key Points

• Keeler Thomas Management LLC reduced its holdings in Intuit Inc. by 48.5%, now owning 1,197 shares valued at $735,000 as of its latest SEC filing.
• Insider transactions include significant stock sales, with Marianna Tessel selling 34,329 shares for over $26 million, and insider sales totaling 279,800 shares worth approximately $209.7 million in the last three months.
• Intuit reported quarterly earnings of $11.65 EPS, exceeding estimates, and announced a dividend of $1.04, reflecting a 0.5% yield based on an annual payout of $4.16.

Keeler Thomas Management LLC lessened its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 48.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the software maker's stock after selling 1,128 shares during the quarter. Keeler Thomas Management LLC's holdings in Intuit were worth $735,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC boosted its stake in shares of Intuit by 18.0% during the 4th quarter. Legacy Investment Solutions LLC now owns 118 shares of the software maker's stock worth $68,000 after acquiring an additional 18 shares during the period. Financial Management Professionals Inc. lifted its holdings in Intuit by 18.4% during the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after purchasing an additional 18 shares during the last quarter. Chris Bulman Inc boosted its position in Intuit by 1.2% during the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after purchasing an additional 18 shares during the period. Kolinsky Wealth Management LLC boosted its position in Intuit by 1.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after purchasing an additional 19 shares during the period. Finally, Norden Group LLC increased its holdings in shares of Intuit by 1.2% in the first quarter. Norden Group LLC now owns 1,663 shares of the software maker's stock valued at $1,021,000 after purchasing an additional 19 shares during the last quarter. 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 the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marianna Tessel sold 34,329 shares of Intuit stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the sale, the executive vice president directly owned 40,767 shares in the company, valued at $31,017,164.28. This trade represents a 45.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock worth $209,725,054 in the last three months. Insiders own 2.68% of the company's stock.

Intuit Price Performance

INTU stock traded down $12.61 during mid-day trading on Friday, hitting $749.00. The stock had a trading volume of 1,670,219 shares, compared to its average volume of 1,423,083. The firm has a fifty day simple moving average of $769.27 and a 200 day simple moving average of $667.24. The firm has a market capitalization of $208.93 billion, a P/E ratio of 60.80, a P/E/G ratio of 2.93 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping 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 net margin of 19.07% and a return on equity of 21.46%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $9.88 EPS. As a group, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 10th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.6%. Intuit's payout ratio is 33.77%.

Analysts Set New Price Targets

Several analysts recently commented on INTU shares. The Goldman Sachs Group lifted their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Piper Sandler restated an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus boosted their price objective on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group set a $750.00 target price on Intuit and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, CLSA started coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $806.27.

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.