Groupama Asset Managment Sells 960 Shares of Intuit Inc. (NASDAQ:INTU)

Groupama Asset Managment decreased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,557 shares of the software maker's stock after selling 960 shares during the quarter. Groupama Asset Managment's holdings in Intuit were worth $4,133,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Financial Advisors lifted its holdings in Intuit by 0.9% during the 3rd quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after purchasing an additional 15 shares during the last quarter. True North Advisors LLC grew its holdings in shares of Intuit by 4.3% during the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after purchasing an additional 17 shares during the last quarter. Great Diamond Partners LLC raised 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 worth $394,000 after acquiring an additional 17 shares during the last quarter. RB Capital Management LLC increased its holdings in shares of Intuit by 0.6% in the third quarter. RB Capital Management LLC now owns 3,169 shares of the software maker's stock valued at $1,968,000 after purchasing an additional 18 shares in the last quarter. Finally, Pacifica Partners Inc. raised its position in Intuit by 27.7% in the 4th quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after purchasing an additional 18 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

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Intuit Stock Down 6.2 %

INTU stock traded down $37.00 during mid-day trading on Friday, hitting $561.53. 3,334,095 shares of the company were exchanged, compared to its average volume of 1,543,195. 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 Inc. has a 1-year low of $553.24 and a 1-year high of $714.78. The firm's 50 day simple moving average is $595.64 and its 200 day simple moving average is $620.96. The firm has a market cap of $156.98 billion, a P/E ratio of 54.52, a P/E/G ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.74%. Intuit's payout ratio is 38.81%.

Insider Activity at Intuit

In other news, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 21,882 shares of the company's stock, valued at $13,401,849.72. This represents a 27.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,862 shares of company stock valued at $18,767,673. 2.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Mizuho boosted their price objective on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Jefferies Financial Group reduced their target price on shares of Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. BNP Paribas downgraded shares of Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $785.00 price objective (up from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus price target of $718.00.

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.