Williams Jones Wealth Management LLC. Sells 6,446 Shares of Intuit Inc. (NASDAQ:INTU)

Williams Jones Wealth Management LLC. lowered its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 318,707 shares of the software maker's stock after selling 6,446 shares during the period. Intuit comprises about 2.4% of Williams Jones Wealth Management LLC.'s portfolio, making the stock its 9th biggest position. Williams Jones Wealth Management LLC. owned about 0.11% of Intuit worth $200,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sone Capital Management LLC acquired a new position in shares of Intuit during the fourth quarter worth $13,696,000. Vident Advisory LLC raised its position in Intuit by 548.1% during the 4th quarter. Vident Advisory LLC now owns 38,430 shares of the software maker's stock worth $24,153,000 after purchasing an additional 32,500 shares during the last quarter. Triglav Skladi D.O.O. bought a new position in Intuit during the 4th quarter worth $833,000. Two Sigma Advisers LP lifted its holdings in Intuit by 21.3% during the 4th quarter. Two Sigma Advisers LP now owns 220,600 shares of the software maker's stock worth $138,647,000 after buying an additional 38,800 shares during the period. Finally, Texas Bank & Trust Co bought a new stake in shares of Intuit in the 4th quarter valued at about $524,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTU shares. The Goldman Sachs Group reissued a "buy" rating on shares of Intuit in a research report on Monday. Mizuho increased their price objective 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. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. Citigroup cut their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen 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 stock presently has an average rating of "Moderate Buy" and an average target price of $720.16.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Marianna Tessel sold 7,385 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $600.13, for a total value of $4,431,960.05. Following the completion of the sale, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares in the company, valued at $4,800. The trade was a 99.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,696 shares of company stock worth $14,347,731. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock opened at $670.86 on Tuesday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $610.04 and a 200-day moving average price of $619.55. The company has a market cap of $187.55 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, April 10th. Intuit's payout ratio is currently 38.81%.

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.

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