Intuit Inc. (NASDAQ:INTU) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,597 shares of the software maker's stock after selling 8,741 shares during the period. Compagnie Lombard Odier SCmA's holdings in Intuit were worth $7,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Intuit in the fourth quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Intuit in the third quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit in the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Intuit in the fourth quarter worth $29,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other news, CAO Lauren D. Hotz sold 1,078 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott D. Cook sold 75,000 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,014 shares of company stock valued at $188,992,187. Insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of NASDAQ:INTU traded down $7.44 on Tuesday, reaching $579.94. The company's stock had a trading volume of 2,053,467 shares, compared to its average volume of 1,720,392. The stock's 50-day moving average is $619.03 and its two-hundred day moving average is $629.49. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $162.34 billion, a P/E ratio of 56.30, a PEG ratio of 2.91 and a beta of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The business's revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTU shares. Barclays decreased their price objective on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Morgan Stanley lifted their price objective on shares of Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on shares of Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.