Intuit Inc. (NASDAQ:INTU) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,502 shares of the software maker's stock after selling 777 shares during the quarter. Jump Financial LLC's holdings in Intuit were worth $1,573,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC raised its position in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after acquiring an additional 18 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Intuit during the 4th quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new position in shares of Intuit in the 4th quarter valued at about $28,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eve B. Burton sold 1,702 shares of the company's 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock valued at $14,347,731 in the last quarter. Insiders own 2.68% of the company's stock.

Intuit Stock Performance

Intuit stock opened at $585.38 on Friday. The stock has a market cap of $163.65 billion, a price-to-earnings ratio of 56.83, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $592.03 and a 200-day simple moving average of $616.55. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were given a $1.04 dividend. The ex-dividend date was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.71%. Intuit's dividend payout ratio is currently 38.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTU. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $600.00 to $700.00 in a research report on Thursday. Oppenheimer dropped their target price on shares of Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. upgraded shares of 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 research report on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Morgan Stanley reduced their target price on Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $718.56.

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.

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