Intuit Inc. (NASDAQ:INTU) Shares Sold by City Holding Co.

City Holding Co. decreased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,573 shares of the software maker's stock after selling 1,417 shares during the period. City Holding Co.'s holdings in Intuit were worth $3,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Intuit by 68,404.7% in the third quarter. International Assets Investment Management LLC now owns 484,328 shares of the software maker's stock valued at $300,768,000 after buying an additional 483,621 shares during the last quarter. Holocene Advisors LP lifted its holdings in shares of Intuit by 99.6% in the 3rd quarter. Holocene Advisors LP now owns 625,583 shares of the software maker's stock worth $388,487,000 after acquiring an additional 312,212 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Intuit by 83.2% during the 4th quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock worth $371,984,000 after purchasing an additional 268,060 shares during the period. Ameriprise Financial Inc. raised its position in Intuit by 17.3% in the second quarter. Ameriprise Financial Inc. now owns 1,616,811 shares of the software maker's stock valued at $1,062,578,000 after purchasing an additional 238,486 shares during the period. Finally, State Street Corp lifted its stake in Intuit by 1.8% during the third quarter. State Street Corp now owns 12,317,086 shares of the software maker's stock worth $7,648,910,000 after purchasing an additional 221,885 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Oppenheimer increased their price target on shares of Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Barclays dropped their price objective on shares of Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Stifel Nicolaus cut their price target on Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Finally, StockNews.com cut Intuit from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company's stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now owns 6,378,105 shares of the company's stock, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. 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 Intuit stock traded down $3.14 on Monday, hitting $604.13. The stock had a trading volume of 2,830,783 shares, compared to its average volume of 1,248,995. The stock has a market cap of $169.11 billion, a price-to-earnings ratio of 58.65, a P/E/G ratio of 3.07 and a beta of 1.25. 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 $557.29 and a 52-week high of $714.78. The company's 50 day moving average price is $646.09 and its 200 day moving average price is $636.77.

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

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. Intuit's dividend payout ratio is presently 40.39%.

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.