Pittenger & Anderson Inc. Has $1.28 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Pittenger & Anderson Inc. cut its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 45.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,028 shares of the software maker's stock after selling 1,713 shares during the period. Pittenger & Anderson Inc.'s holdings in Intuit were worth $1,275,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its position in shares of Intuit by 108.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 581 shares of the software maker's stock worth $365,000 after acquiring an additional 302 shares during the last quarter. Americana Partners LLC grew its position in Intuit by 6.1% in the 4th quarter. Americana Partners LLC now owns 5,840 shares of the software maker's stock worth $3,670,000 after purchasing an additional 334 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Intuit by 0.8% in the fourth quarter. Baillie Gifford & Co. now owns 98,283 shares of the software maker's stock valued at $61,771,000 after purchasing an additional 781 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $119,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Intuit by 10.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 3,582 shares of the software maker's stock valued at $2,251,000 after buying an additional 351 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of INTU traded down $13.61 during trading hours on Friday, hitting $565.47. 2,006,382 shares of the company were exchanged, compared to its average volume of 1,767,831. 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 company has a market capitalization of $158.29 billion, a PE ratio of 54.90, a PEG ratio of 2.87 and a beta of 1.24. The firm has a fifty day simple moving average of $612.23 and a 200-day simple moving average of $628.24. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results 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. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $1.14 EPS. Intuit's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Scotiabank initiated coverage on Intuit in a report on Monday, November 18th. They issued a "sector perform" rating and a $700.00 price objective for the company. StockNews.com raised Intuit from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler restated an "overweight" rating and set a $765.00 price objective on shares of Intuit in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on shares of Intuit from $600.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Finally, Redburn Atlantic started coverage on shares of Intuit in a research note on Wednesday. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $726.53.

Insiders Place Their Bets

In other news, EVP Laura A. Fennell sold 4,788 shares of the stock in a transaction on 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 sale, the executive vice president now owns 30,010 shares in the company, valued at $18,414,736.20. This represents a 13.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares of the company's stock, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock worth $188,992,187 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

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.