Ownership Capital B.V. Has $165.88 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Ownership Capital B.V. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,926 shares of the software maker's stock after selling 82,410 shares during the quarter. Intuit makes up approximately 6.1% of Ownership Capital B.V.'s portfolio, making the stock its 6th largest holding. Ownership Capital B.V. owned about 0.09% of Intuit worth $165,877,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in INTU. R Squared Ltd purchased a new stake in Intuit during the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Intuit in the third quarter worth about $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Intuit in the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Intuit in the fourth quarter worth about $29,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Down 2.4 %

Intuit stock traded down $13.61 on Friday, hitting $565.47. 2,006,382 shares of the stock traded hands, compared to its average volume of 1,767,831. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $158.29 billion, a P/E ratio of 54.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24. The business's fifty day simple moving average is $614.05 and its 200 day simple moving average is $628.50. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and issued a $765.00 price target on shares of Intuit in a report on Friday, January 10th. Morgan Stanley increased their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. StockNews.com raised shares of Intuit from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Oppenheimer upped their price objective 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $760.00 price target on shares of Intuit in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $726.53.

Insider Buying and Selling at Intuit

In other news, EVP Laura A. Fennell sold 4,788 shares of Intuit stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total value of $2,938,012.56. Following the completion of the transaction, the executive vice president now owns 30,010 shares of the company's stock, valued at $18,414,736.20. The trade was a 13.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value 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 approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,014 shares of company stock valued at $188,992,187. 2.68% of the stock is currently owned by company insiders.

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.