Schonfeld Strategic Advisors LLC Sells 17,695 Shares of Intuit Inc. (NASDAQ:INTU)

Schonfeld Strategic Advisors LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 95.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 926 shares of the software maker's stock after selling 17,695 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Intuit were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC raised its stake in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Intuit during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit in the 4th quarter valued at $28,000. Finally, Summit Securities Group LLC bought a new position in shares of Intuit in the fourth quarter worth about $28,000. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley dropped their target price on Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. 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 report on Wednesday, February 26th. BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating for the company 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, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $717.53.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $653.88 on Friday. 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 1-year low of $532.65 and a 1-year high of $714.78. The stock's 50-day moving average is $602.37 and its 200 day moving average is $617.42. The stock has a market cap of $182.80 billion, a price-to-earnings ratio of 63.48, a P/E/G ratio of 2.85 and a beta of 1.24.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.64%. Intuit's dividend payout ratio (DPR) is currently 38.81%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction on Thursday, March 20th. The shares were 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 directly owns 8 shares in the company, valued at approximately $4,800. This represents a 99.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marianna Tessel sold 7,385 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 40,190 shares of the company's stock, valued at approximately $24,119,224.70. The trade was a 15.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock valued at $14,347,731 in the last quarter. Company insiders own 2.68% of the company's stock.

Intuit 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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