Gryphon Financial Partners LLC Has $296,000 Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Gryphon Financial Partners LLC lowered its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 472 shares of the software maker's stock after selling 513 shares during the quarter. Gryphon Financial Partners LLC's holdings in Intuit were worth $296,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Brown Financial Advisors boosted its stake in Intuit by 0.9% in the third quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after acquiring an additional 15 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Intuit by 1.5% in the 3rd quarter. Truvestments Capital LLC now owns 1,078 shares of the software maker's stock worth $669,000 after purchasing an additional 16 shares during the last quarter. True North Advisors LLC boosted its position in Intuit by 4.3% during the 4th 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 period. Great Diamond Partners LLC boosted its position in Intuit by 2.8% during the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after purchasing an additional 17 shares during the period. Finally, Kovack Advisors Inc. grew its stake in Intuit by 4.8% during the 3rd quarter. Kovack Advisors Inc. now owns 393 shares of the software maker's stock worth $244,000 after buying an additional 18 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Intuit stock traded up $18.45 during mid-day trading on Wednesday, hitting $616.52. The company's stock had a trading volume of 880,725 shares, compared to its average volume of 1,892,051. The stock has a market capitalization of $172.36 billion, a P/E ratio of 59.89, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. The stock's fifty day moving average price is $604.21 and its two-hundred day moving average price is $626.30. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is presently 38.81%.

Insider Activity

In related news, EVP Mark P. Notarainni sold 3,649 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $646.68, for a total value of $2,359,735.32. Following the completion of the transaction, the executive vice president now owns 19 shares of the company's stock, valued at approximately $12,286.92. This trade represents a 99.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Laura A. Fennell sold 7,700 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the sale, the executive vice president now directly owns 33,916 shares in the company, valued at approximately $22,304,518.24. This trade represents a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,460 shares of company stock valued at $144,750,747 over the last three months. Insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTU. 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 report on Wednesday, January 15th. Redburn Atlantic assumed coverage on shares of Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. Barclays dropped their price target on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Piper Sandler reiterated an "overweight" rating and set a $785.00 price objective (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. Finally, Oppenheimer raised their target price on Intuit from $712.00 to $722.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $721.61.

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.