Curi RMB Capital LLC Sells 4,995 Shares of Intuit Inc. (NASDAQ:INTU)

Curi RMB Capital LLC cut its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,194 shares of the software maker's stock after selling 4,995 shares during the period. Curi RMB Capital LLC's holdings in Intuit were worth $18,977,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of INTU. True North Advisors LLC raised its position in Intuit by 4.3% in the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after purchasing an additional 17 shares during the last quarter. Great Diamond Partners LLC increased its stake in shares of Intuit by 2.8% in the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after buying an additional 17 shares during the period. Pacifica Partners Inc. raised its holdings in Intuit by 27.7% in the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock valued at $52,000 after buying an additional 18 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in shares of Intuit by 2.4% during the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock worth $478,000 after purchasing an additional 18 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in Intuit by 72.0% during the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 2.1 %

Shares of INTU traded up $12.49 during mid-day trading on Wednesday, reaching $596.05. The company's stock had a trading volume of 1,744,702 shares, compared to its average volume of 1,577,397. 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 company's fifty day moving average price is $591.87 and its two-hundred day moving average price is $616.12. The stock has a market cap of $166.63 billion, a PE ratio of 57.87, a P/E/G ratio of 2.85 and a beta of 1.25.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.70%. Intuit's payout ratio is 38.81%.

Analyst Ratings Changes

Several research firms have weighed in on INTU. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target for the company in a research note on Wednesday. Redburn Atlantic initiated coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. upgraded Intuit from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $600.00 to $700.00 in a research note on Thursday, April 17th. Finally, Citigroup cut their price target on Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus target price of $717.53.

Insider Transactions at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of Intuit 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 6,446 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,696 shares of company stock worth $14,347,731. Company insiders own 2.68% of the company's stock.

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.