Intuit Inc. (NASDAQ:INTU) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,447 shares of the software maker's stock after selling 2,800 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Intuit worth $92,670,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its position in Intuit by 7.0% during the 4th quarter. V Square Quantitative Management LLC now owns 7,671 shares of the software maker's stock worth $4,821,000 after purchasing an additional 501 shares during the period. Figure 8 Investment Strategies LLC purchased a new stake in shares of Intuit during the 4th quarter worth approximately $509,000. Catalyst Financial Partners LLC grew its holdings in shares of Intuit by 3.2% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,044 shares of the software maker's stock worth $656,000 after acquiring an additional 32 shares during the period. Mcrae Capital Management Inc. increased its stake in Intuit by 2.6% in the 4th quarter. Mcrae Capital Management Inc. now owns 2,222 shares of the software maker's stock valued at $1,397,000 after purchasing an additional 56 shares in the last quarter. Finally, Aljian Capital Management LLC increased its position in shares of Intuit by 1.7% in the fourth quarter. Aljian Capital Management LLC now owns 6,149 shares of the software maker's stock valued at $3,865,000 after buying an additional 101 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares in the company, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 293,014 shares of company stock valued at $188,992,187. Corporate insiders own 2.68% of the company's stock.

Analyst Ratings Changes

INTU has been the subject of several research reports. Stifel Nicolaus cut their price objective on Intuit from $795.00 to $725.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Scotiabank started coverage on shares of Intuit in a research report on Monday, November 18th. They issued a "sector perform" rating and a $700.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Morgan Stanley lifted their target price on shares of Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research note on Friday, November 22nd. Finally, StockNews.com raised Intuit from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

Intuit Trading Down 1.3 %

Shares of NASDAQ INTU traded down $7.44 during midday trading on Tuesday, hitting $579.94. The stock had a trading volume of 2,053,467 shares, compared to its average volume of 1,720,392. 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 Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The company has a market capitalization of $162.34 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 2.91 and a beta of 1.24. The company has a fifty day moving average price of $619.03 and a 200 day moving average price of $629.49.

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

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.