Tran Capital Management L.P. Sells 4,195 Shares of Intuit Inc. (NASDAQ:INTU)

Tran Capital Management L.P. trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,448 shares of the software maker's stock after selling 4,195 shares during the quarter. Intuit accounts for 3.4% of Tran Capital Management L.P.'s holdings, making the stock its 12th biggest position. Tran Capital Management L.P.'s holdings in Intuit were worth $25,449,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTU. Copia Wealth Management bought a new position in shares of Intuit in the fourth quarter worth $25,000. NewSquare Capital LLC lifted its stake in shares of Intuit by 72.0% in the fourth 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 period. Summit Securities Group LLC acquired a new position in shares of Intuit in the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the fourth quarter worth approximately $28,000. Finally, VSM Wealth Advisory LLC acquired a new position in Intuit in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 0.2%

Intuit stock traded up $1.46 during trading on Thursday, hitting $766.21. The company's stock had a trading volume of 1,299,085 shares, compared to its average volume of 1,613,610. The stock has a market capitalization of $213.73 billion, a price-to-earnings ratio of 74.39, a P/E/G 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. The stock's fifty day moving average is $656.45 and its 200 day moving average is $628.59. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $773.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during 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%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $9.88 EPS. As a group, equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Analyst Ratings Changes

Several brokerages recently issued reports on INTU. Redburn Atlantic initiated coverage on Intuit in a report on Wednesday, February 19th. They set a "neutral" rating for the company. Evercore ISI increased their price objective on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. The Goldman Sachs Group lifted their price target on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $785.33.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 469 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $725.00, for a total transaction of $340,025.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at $13,775. This trade represents a 96.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 72,442 shares of the firm's 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 transaction, the insider now owns 6,063,495 shares in the company, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 288,408 shares of company stock valued at $213,441,865 in the last three months. 2.68% of the stock is currently owned by corporate insiders.

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.