Baillie Gifford & Co. Raises Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Baillie Gifford & Co. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,283 shares of the software maker's stock after acquiring an additional 781 shares during the quarter. Baillie Gifford & Co.'s holdings in Intuit were worth $61,771,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of INTU. R Squared Ltd purchased a new position in Intuit during the 4th quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Intuit in the 3rd quarter worth $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Intuit in the 4th quarter worth $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Intuit in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 1,078 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This represents a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is currently owned by insiders.

Intuit Stock Down 2.4 %

NASDAQ:INTU traded down $13.61 during mid-day trading on Friday, hitting $565.47. 2,006,382 shares of the company's stock traded hands, compared to its average volume of 1,767,831. The company has a fifty day moving average of $612.23 and a 200 day moving average of $628.24. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The company has a market capitalization of $158.29 billion, a P/E ratio of 54.90, a P/E/G ratio of 2.87 and a beta of 1.24. 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 posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTU. Piper Sandler reiterated an "overweight" rating and issued a $765.00 target price on shares of Intuit in a report on Friday, January 10th. Barclays lowered their target price on Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Redburn Atlantic began coverage on Intuit in a report on Wednesday. They issued a "neutral" rating for the company. JPMorgan Chase & Co. upped their target price on Intuit from $600.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, StockNews.com raised Intuit from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

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.