Oxford Financial Group LTD. LLC Sells 1,405 Shares of Intuit Inc. (NASDAQ:INTU)

Oxford Financial Group LTD. LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 64.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767 shares of the software maker's stock after selling 1,405 shares during the period. Oxford Financial Group LTD. LLC's holdings in Intuit were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Intuit in the fourth quarter worth $25,000. NewSquare Capital LLC grew its position in Intuit by 72.0% in the 4th 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. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit during the 4th quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Intuit during the fourth quarter valued at about $29,000. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In related news, Director Eve B. Burton sold 1,702 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the transaction, the director now owns 8 shares in the company, valued at $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,733 shares of company stock worth $77,947,205. Corporate insiders own 2.68% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INTU shares. Redburn Atlantic assumed coverage on Intuit in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. Morgan Stanley upgraded Intuit from an "equal weight" rating to an "overweight" rating and set a $730.00 price objective on the stock in a research report on Wednesday, February 26th. Piper Sandler reaffirmed an "overweight" rating and issued a $785.00 target price (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. BMO Capital Markets lowered their price target on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank dropped 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. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $721.61.

Intuit Price Performance

Shares of Intuit stock traded up $5.63 during trading on Tuesday, reaching $618.72. The company's stock had a trading volume of 1,126,525 shares, compared to its average volume of 1,441,003. The stock has a 50-day moving average price of $595.97 and a two-hundred day moving average price of $622.76. The stock has a market capitalization of $172.97 billion, a P/E ratio of 60.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. 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 Inc. has a one year low of $553.24 and a one year high of $714.78.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit's dividend payout ratio is presently 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.