Intuit Inc. (NASDAQ:INTU) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 87.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 639 shares of the software maker's stock after selling 4,601 shares during the period. Kingswood Wealth Advisors LLC's holdings in Intuit were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Intuit by 83.2% during the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock worth $371,984,000 after acquiring an additional 268,060 shares during the period. Whalen Wealth Management Inc. purchased a new position in shares of Intuit in the fourth quarter valued at approximately $621,000. Harvest Portfolios Group Inc. lifted its position in shares of Intuit by 5.4% in the third quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker's stock valued at $22,295,000 after acquiring an additional 1,853 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 968 shares in the last quarter. Finally, Retireful LLC purchased a new position in shares of Intuit in the third quarter valued at approximately $740,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 0.1 %

NASDAQ INTU traded down $0.75 during trading on Monday, reaching $600.76. 2,235,710 shares of the company's stock were exchanged, compared to its average volume of 1,704,948. The stock has a market cap of $168.16 billion, a P/E ratio of 58.33, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50 day moving average price of $630.95 and a two-hundred day moving average price of $633.26. 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 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 during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the business earned $1.14 EPS. Intuit's revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal 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 issued 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 payout ratio is currently 40.39%.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Laura A. Fennell sold 4,788 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the transaction, the executive vice president now owns 30,010 shares in the company, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. The trade was 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 valued at $188,992,187 in the last ninety days. Insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several research reports. Jefferies Financial Group raised their target price on Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Morgan Stanley lifted their price objective on Intuit from $685.00 to $730.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Barclays reduced their target price on Intuit from $800.00 to $775.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, StockNews.com upgraded Intuit from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $726.53.

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.