Intuit Inc. (NASDAQ:INTU) Shares Sold by Mariner LLC

Mariner LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,898 shares of the software maker's stock after selling 454 shares during the period. Mariner LLC's holdings in Intuit were worth $31,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Intuit during the 4th quarter worth approximately $25,000. NewSquare Capital LLC grew its position in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Intuit during the fourth quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In other news, EVP Marianna Tessel sold 7,385 shares of Intuit stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $600.13, for a total value of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. This trade represents a 15.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. The trade was a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,696 shares of company stock worth $14,347,731 in the last ninety days. 2.68% of the stock is owned by corporate insiders.

Intuit Trading Down 2.6 %

INTU traded down $14.93 during mid-day trading on Monday, hitting $570.45. 207,084 shares of the stock were exchanged, compared to its average volume of 1,570,037. The firm's fifty day moving average is $592.03 and its two-hundred day moving average is $616.64. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $714.78. The company has a market cap of $159.48 billion, a PE ratio of 55.38, a PEG ratio of 2.85 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on INTU. Morgan Stanley decreased their target price on Intuit from $730.00 to $720.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets decreased their price target on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Scotiabank upgraded Intuit from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $600.00 to $700.00 in a research report on Thursday. Finally, Mizuho lifted their price objective on Intuit from $750.00 to $765.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $718.56.

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.