Intuit Inc. (NASDAQ:INTU) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,193 shares of the software maker's stock after selling 1,794 shares during the quarter. EP Wealth Advisors LLC's holdings in Intuit were worth $5,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Intuit in the fourth quarter valued at $2,290,419,000. Proficio Capital Partners LLC grew its holdings in shares of Intuit by 112,233.1% during the fourth quarter. Proficio Capital Partners LLC now owns 1,063,794 shares of the software maker's stock worth $668,595,000 after buying an additional 1,062,847 shares during the last quarter. Wellington Management Group LLP increased its position in Intuit by 13.3% in the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after acquiring an additional 620,559 shares during the period. Unisphere Establishment raised its stake in Intuit by 50.0% during the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Intuit by 17.3% during the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after acquiring an additional 498,030 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction dated 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 transaction, the director now directly owns 8 shares of the company's stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the sale, the executive vice president now directly owns 21,882 shares of the company's stock, valued at approximately $13,401,849.72. This trade represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,696 shares of company stock valued at $14,347,731. Insiders own 2.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTU shares. BNP Paribas lowered shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. Citigroup dropped their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Oppenheimer reduced their price objective on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Mizuho increased their target price on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets decreased their price target on Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $717.53.

Intuit Stock Performance

Intuit stock opened at $640.98 on Thursday. The stock has a fifty day moving average price of $600.16 and a 200 day moving average price of $616.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The firm has a market capitalization of $179.19 billion, a P/E ratio of 62.23, a PEG ratio of 2.85 and a beta of 1.24.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a dividend of $1.04 per share. The ex-dividend date was Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. Intuit's payout ratio is currently 38.81%.

Intuit Company 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.

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