Intuit Inc. (NASDAQ:INTU) Position Cut by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,518 shares of the software maker's stock after selling 3,035 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Intuit were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in INTU. R Squared Ltd purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC boosted its holdings in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Intuit during the fourth quarter worth $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Intuit in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. BNP Paribas cut Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 price target for the company. in a report on Wednesday, January 15th. Piper Sandler restated an "overweight" rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Citigroup cut their price target on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Scotiabank lowered their price objective on shares of Intuit from $700.00 to $600.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $640.00 to $660.00 in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $718.00.

Insider Transactions at Intuit

In related news, EVP Laura A. Fennell sold 8,163 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the transaction, the executive vice president now directly owns 21,882 shares in the company, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction 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 sale, the insider now owns 6,219,900 shares of the company's stock, valued at approximately $3,758,436,774. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,774 shares of company stock valued at $15,015,315. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Down 4.4 %

Shares of NASDAQ INTU traded down $26.22 during midday trading on Thursday, reaching $569.22. 717,448 shares of the company's stock were exchanged, compared to its average volume of 1,560,070. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78. The business's fifty day moving average price is $592.26 and its two-hundred day moving average price is $618.31. The stock has a market capitalization of $159.13 billion, a PE ratio of 55.34, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is currently 38.81%.

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.