Intuit Inc. (NASDAQ:INTU) Stock Holdings Lifted by Liberty One Investment Management LLC

Liberty One Investment Management LLC boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,165 shares of the software maker's stock after buying an additional 436 shares during the quarter. Liberty One Investment Management LLC's holdings in Intuit were worth $4,503,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of INTU. Nordea Investment Management AB boosted its stake 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 valued at $371,984,000 after buying an additional 268,060 shares during the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of Intuit by 5.4% during the third quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker's stock worth $22,295,000 after purchasing an additional 1,853 shares during the last quarter. GAMMA Investing LLC increased its holdings in Intuit by 33.7% in the third quarter. GAMMA Investing LLC now owns 3,838 shares of the software maker's stock valued at $2,383,000 after buying an additional 968 shares during the last quarter. Retireful LLC bought a new position in Intuit during the 3rd quarter worth approximately $740,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Intuit in the 3rd quarter worth approximately $56,144,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now directly owns 489 shares of the company's stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of Intuit stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $628.50, for a total value of $68,506.50. Following the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock valued at $188,992,187 over the last ninety days. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

Intuit stock traded down $3.14 during mid-day trading on Monday, hitting $604.13. The company's stock had a trading volume of 2,830,783 shares, compared to its average volume of 1,248,995. Intuit Inc. has a twelve month low of $557.29 and a twelve month high of $714.78. The stock's fifty day moving average price is $646.09 and its two-hundred day moving average price is $636.77. The stock has a market capitalization of $169.11 billion, a P/E ratio of 58.65, a P/E/G ratio of 3.07 and a beta of 1.25. 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 (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Intuit's revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, January 10th. Intuit's dividend payout ratio (DPR) is currently 40.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on INTU shares. Jefferies Financial Group raised their price objective on Intuit from $790.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Scotiabank assumed coverage on shares of Intuit in a report on Monday, November 18th. They issued a "sector perform" rating and a $700.00 target price on the stock. Piper Sandler restated an "overweight" rating and set a $765.00 price objective on shares of Intuit in a research report on Friday, January 10th. Finally, Stifel Nicolaus cut their target price on Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $726.53.

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.