Intuit Inc. (NASDAQ:INTU) Position Trimmed by Sapient Capital LLC

Sapient Capital LLC reduced its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 41.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,431 shares of the software maker's stock after selling 15,885 shares during the period. Sapient Capital LLC's holdings in Intuit were worth $13,773,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Intuit during the fourth quarter worth about $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Intuit during the fourth quarter worth about $237,244,000. V Square Quantitative Management LLC lifted its position in shares of Intuit by 7.0% during the fourth quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker's stock worth $4,821,000 after purchasing an additional 501 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Intuit during the fourth quarter worth about $10,757,000. Institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction that occurred 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 owns 6,063,495 shares in the company, valued at $4,494,808,208.55. This trade 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 is available through the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of the firm'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 transaction of $1,124,597.20. The disclosure for this sale can be found here. Insiders have sold 288,408 shares of company stock worth $213,441,865 over the last quarter. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU traded down $12.23 during trading hours on Friday, hitting $753.98. The stock had a trading volume of 1,148,047 shares, compared to its average volume of 1,609,674. The stock's fifty day simple moving average is $664.85 and its 200 day simple moving average is $630.29. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $773.45. 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. 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 (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. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the business earned $9.88 earnings per share. Intuit's revenue was up 15.1% compared to the same quarter last year. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share 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 paid a dividend of $1.04 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.55%. Intuit's dividend payout ratio is presently 33.77%.

Wall Street Analyst Weigh In

INTU has been the topic of several research analyst reports. Mizuho increased their price target on shares of Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating and set a $820.00 price objective (up previously from $714.00) on shares of Intuit in a research note on Friday, May 23rd. UBS Group set a $750.00 price objective on shares of Intuit and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $785.00 price objective (up previously from $720.00) on shares of Intuit in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $787.95.

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.